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Mitch, a single taxpayer, earns $100,000 in taxable income and $10,000 in interest from an investment in city of Birmingham Bonds. If Mitch earned an
Mitch, a single taxpayer, earns $100,000 in taxable income and $10,000 in interest from an investment in city of Birmingham Bonds. If Mitch earned an additional $80,000, what would his 2022 marginal tax rate be on the $80,000 (rounded)? (Tax rate schedule) Multiple Choice 25.00% 22.00% 24.00% 32.00%
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