Manny, a single taxpayer, earns $65,000 per year in taxable income and an additional $12,000 per year in city of boston bonds. if manny earns an additional $35,000 in taxable income in 2019, what is his marginal tax rate (rounded) on this income? (use tax rate schedule.)

On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?