Manny, a single taxpayer, earns $65,000 per year in taxable income and an additional $12,000 per year in city of Boston bonds. If Manny earns an additional $35,000 in taxable income in 2023, what is his marginal tax rate on this income? (Use tax rate schedule.) Note: Do not round intermediate calculations. Round your final answer to two decimal places. Multiple Choice 15.01 percent 22.00 percent 22.26 percent 24.00 percent None of the choices are correct.

Multiple Choice

15.01 percent

22.00 percent

22.26 percent

24.00 percent

None of the choices are correct.

Tax Rate Schedule 2023

2023 Tax Rate Schedules

IndividualsSchedule X-Single

If taxable income is over:	But not over:	The tax is:
$ 0	$ 11,000	10% of taxable income
$ 11,000	$ 44,725	$1,100 plus 12% of the excess over $11,000
$ 44,725	$ 95,375	$5,147 plus 22% of the excess over $44,725
$ 95,375	$ 182,100	$16,290 plus 24% of the excess over $95,375
$ 182,100	$ 231,250	$37,104 plus 32% of the excess over $182,100
$ 231,250	$ 578,125	$52,832 plus 35% of the excess over $231,250
$ 578,125		$174,238.25 plus 37% of the excess over $578,125