Manny, a single taxpayer, earns $67,400 per year in taxable income and an additional $12,240 per year in city of Boston bonds. If Manny earns an additional $37,600 in taxable income in 2021, what is his marginal tax rate on this income? (Use tax rate schedule.) (Round your final answer to two decimal places.)

Multiple Choice

• 17.62 percent

• 22.00 percent

• 22.99 percent

• 24.00 percent

• None of the choices are correct.