Manny, a single taxpayer earns $65,200 per year in taxable income and an additional $12,020 per year in city of Boston bonds. What is Manny's current marginal tax rate for 2020? (Use tax rate schedule.) Multiple Choice 11.34 percent 12.00 percent 13,06 percent 15.51 percent None of the choices are correct 118 Navi 2020 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: $ 0 $ 9,875 10% of taxable income $ 9,875 $ 40,125 $987.50 plus 12% of the excess over $9,875 $ 40,125 $ 85,525 $4,617.50 plus 22% of the excess over $40,125 $ 85,525 $163,300 $14,605.50 plus 24% of the excess over $85,525 $163,300 $207,350 $33,271.50 plus 32% of the excess over $163,300 $207,350 $518,400 $47,367.50 plus 35% of the excess over $207,350 $518,400 $156,235 plus 37% of the excess over $518,400