Individuals Schedule X-Single If taxable income is over: But not over: The tax is: SO $ 9,875 10% of taxable income $ 9,875 $ 40,125 5987.50 plus 12% of the excess over $9,375 $ 40,125 $ 85,525 S4.617.50 plus 22% of the excess over $40.125 $ 35,323 $163,300 $14,605.50 plus 24% of the excess over $85,525 $163,300 $207,350 $35.271.50 plus 32% of the excess over S163,300 $207,350 $518,400 S47367.50 plus 35% of the excess over $207,350 $518,400 $156,235 plus 37% of the excess over $518,400 Marc, a single taxpayer, earns $191,000 in taxable income and $5,900 in interest from an investment in city of Birmingham bonds. Using the U.S. tax rate schedule for year 2020, what is his current marginal tax rate? (Use tax rate schedule. Multiple Choice 22.00 percent O 32.00 percent 34.00 percent O 4200 percent None of the choices are correct O