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Marc, a single taxpayer, earns $156,500 in taxable income and $4,850 in interest from an investment in city of Birmingham Bonds. Using the U.S. tax

Marc, a single taxpayer, earns $156,500 in taxable income and $4,850 in interest from an investment in city of Birmingham Bonds. Using the U.S. tax rate schedule for year 2019, what is his effective tax rate?

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