Question: Marc, a single taxpayer, earns $ 6 0 , 0 0 0 in taxable income and $ 5 , 0 0 0 in interest from

Marc, a single taxpayer, earns $60,000 in taxable income and $5,000 in interest from an investment in city of Birmingham Bonds. Using the U.S. tax rate schedule for year 2018, what is his effective tax rate (rounded)?(Use tax rate schedule)
2018 Individual Tax Rate Table
If your filing status is Single:
If your taxable income is:
\table[[Over -,But not over -,,The tax is:,],[$0,$9.525,,10%,of the amount over,$0],[$9.525,$38.700,$952.50+,12%,of the amount over,$9.525
 Marc, a single taxpayer, earns $60,000 in taxable income and $5,000

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