Manny, a single taxpayer, earns $150,000 per year in taxable income and an additional $15,500 per year in city of Boston bonds. If Manny earns an additional $45,000 in taxable income in 2019, what is his marginal tax rate on this income? (Use tax rate schedule) Multiple Choice 25.20 percent 29.19 percent 30.09 percent 31.19 percent 2019 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is $ 0 9,700 10% of taxable income $ 39,475 $ 84,200 $970 plus 12% of the excess over $9,700 9,700 $4,543 plus 22% of the excess over $39,475 39,475 $ 84,200 $160,725 $14,382.50 plus 24% of the excess over $84,200 $32,748.50 plus 32% of the excess over $160,725 $160,725 $204,100 $46,628.50 plus 35% of the excess over $204,100 $204,100 $510,300 $510,300 $153,798.50 plus 37% of the excess over $510,300