If Leonardo instead had $30,000 of additional tax deductions for year 2014, his marginal tax rate (rounded) on the deductions would be:

If Leonardo instead had $30,000 of additional tax deductions for year 2014, his marginal tax rate (rounded) on the deductions would be: 





A. 28.00%

B. 25.00%

C. 25.57%

D. 17.07%

E. None of these





Answer: C


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