Marc, a single taxpayer, earns $179,500 in taxable income an…

Marc, a single taxpayer, earns $179,500 in taxable income and $5,550 in interest from an investment in city of Birmingham bonds. Using the U.S. tax rate schedule for year 2025, what is his current marginal tax rate? (Use tax rate schedule.) 2025 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: $          0 $  11,925 10% of taxable income $   11,926 $  48,475 $1,192.50 plus 12% of the excess over $11,925 $  48,476 $  103,350 $5,578.50 plus 22% of the excess over $48,475 $  103,351 $ 197,300 $17,651 plus 24% of the excess over $103,350 $ 197,301 $ 250,525 $40,199 plus 32% of the excess over $197,300 $ 250,526 $ 626,350 $57,231 plus 35% of the excess over $250,525 $ 626,351 — $188,769.75 plus 37% of the excess over $626,350  

Rolando’s employer pays year-end bonuses each year on Decemb…

Rolando’s employer pays year-end bonuses each year on December 31. Rolando, a cash-basis taxpayer, would prefer not to pay tax on his bonus this year. So, he leaves town on December 31, 2025, and doesn’t pick up his check until January 2, 2026. When should Rolando report his bonus?