Question
Manny, a single taxpayer, earns $30,000 per year in taxable income and an additional $5,000 per year in city of Boston bonds. If Manny earns
Manny, a single taxpayer, earns $30,000 per year in taxable income and an additional $5,000 per year in city of Boston bonds.
If Manny earns an additional $10,000 in taxable income in year 2018, what is his marginal tax rate on this income? (Use tax rate schedule)
rev: 09_13_2018_QC_CS-CS-137892, 01_12_2019_QC_CS-153374
Multiple Choice
- 8.59%
- 12.30%
- 13.30%
- 14.30%
- None of the choices are correct.
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Principles Of Financial Accounting
Authors: Jerry J. Weygandt, Michael J. Atkins, Donald E. Kieso, Paul D. Kimmel, Valerie Ann Kinnear, Barbara Trenholm, Joan E. Barlow
1st Canadian Edition
1118757149, 978-1118757147
