Manny a single taxpayer earns 75000 per year in taxable inco

Manny, a single taxpayer, earns $75,000 per year in taxable income and an additional $12,500 per year in city of Boston bonds. What is Manny\'s current marginal tax rate for year 2017?

Tax on 75000 = 5226.25 + 25%*(75000-37950) = 5226.25 + 9262.50 = 14488.75

Tax on 87500= 5226.25 + 25%*(87500-37950) = 5226.25 + 12387.50 = 17613. 75

Marginal tax rate = change in tax / change in taxable income = (17613.75-14488.75) / (87500-75000) = 3125/12500 = 25%

$Manny, a single taxpayer, earns $75,000 per year in taxable income and an additional $12,500 per year in city of Boston bonds. What is Manny\'s current marginal$

Manny a single taxpayer earns 75000 per year in taxable inco

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