Alan and Sara Winthrop are a married couple who file a joint income tax return. They have two children, and they have legitimate itemized deductions totaling $27.500. Their total income from wages is $204,900. Assume the following tax table is applicable: 0 Married Couples Filing Joint Returns If Your Taxable You Pay This Amount on Plus This Percentage on Average Tax Rate at Top O Income Is the Base of the Bracket the Excess over the Base of Bracket Up to $19,750 $19,750-$80,250 $0.00 1,975.00 10.0% 10.0% 12.0 11.5 O $80,250-$171,050 9,235.00 22.0 17.1 00 $171,050- $326,600 O $326,600- $414,700 29,211.00 24.0 20.41 66,543.00 32.0 22.8 $414,700- 94,735.00 35.0 26.9 $622,050 Over $622,050 167,307.50 37.0 37.0 What is their marginal tax rate? 35.0% b. 22.0% Oc24.0% d. 32.0% e. 12.0%