Manny, a single taxpayer, earns $69,800 per year in taxable income and an additional $12,480 per year in city of Boston bonds. What is Manny's current marginal tax rate for 2021? (Use tax rate schedule.) Multiple Choice 10.18 percent 12.00 percent 12.09 percent 14.29 percent Schedule X-Single If taxable income is over: But not over: $ 0 $ 9,950 $ 9,950 $ 40,525 $ 40,525 $ 86,375 $ 86,375 $164,925 $209,425 $523,600 $ 523,600 $164,925 $209,425 The tax is: 10% of taxable income $995 plus 12% of the excess over $9,950 $4,664 plus 22% of the excess over $40,525 $14,751 plus 24% of the excess over $86,375 $33,603 plus 32% of the excess over $164,925 $47,843 plus 35% of the excess over $209,425 $157,804.25 plus 37% of the excess over $523,600 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: $ 0 $ 19,900 $ 81,050 $172,750 $329,850 $418,850 $628,300 $ 19,900 $ 81,050 The tax is: 10% of taxable income $1,990 plus 12% of the excess over $19,900 $172,750 $9,328 plus 22% of the excess over $81,050 $329,850 $29,502 plus 24% of the excess over $172,750 $418,850 $67,206 plus 32% of the excess over $329,850 $628,300 $95,686 plus 35% of the excess over $418,850 $168,993.50 plus 37% of the excess over $628,300 Schedule Z-Head of Household If taxable income is over: But not over: 0 $ $ 54,200 $14,200 $ 86,350 $164,900 $209,400 $ 523,600 $ 14,200 $ 54,200 $ 86,350 $164,900 $209,400 $ 523,600 The tax is: 10% of taxable income $1,420 plus 12% of the excess over $14,200 $6,220 plus 22% of the excess over $54,200 $13.293 plus 24% of the excess over $86,350 $32,145 plus 32% of the excess over $164,900 $46,385 plus 35% of the excess over $209,400 $156,355 plus 37% of the excess over $523,600 Schedule Z-Head of Household If taxable income is over: But not over: $ 0 $14,200 $14,200 $ 54,200 $ 54,200 $ 86,350 $ 86,350 $164,900 $ 523,600 $ 523,600 $209,400 $164,900 $209,400 The tax is: 10% of taxable income $1,420 plus 12% of the excess over $14,200 $6,220 plus 22% of the excess over $54,200 $13,293 plus 24% of the excess over $86,350 $32,145 plus 32% of the excess over $164,900 $46,385 plus 35% of the excess over $209,400 $156,355 plus 37% of the excess over $523,600 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: $ 0 $ 9,950 $ 40,525 $ 86,375 $164,925 $209,425 $314,150 $ 9,950 The tax is: 10% of taxable income $ 40,525 $995 plus 12% of the excess over $9,950 $ 86,375 $4,664 plus 22% of the excess over $40,525 $164,925 $14,751 plus 24% of the excess over $86,375 $209,425 $33,603 plus 32% of the excess over $164,925 $314,150 $47,843 plus 35% of the excess over $209,425 $84,496.75 plus 37% of the excess over $314,150