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1 (Chapters 1-3) Saved Scot and Vidia, married taxpayers, earn $256,600 in taxable income and $5,000 in interest from an investment in City of Tamp

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1 (Chapters 1-3) Saved Scot and Vidia, married taxpayers, earn $256,600 in taxable income and $5,000 in interest from an investment in City of Tamp bonds. (Use the U.S. tax rate schedule for married filing jointly). Required: a. If Scot and Vidia earn an additional $95,900 of taxable income, what is their marginal tax rate on this income? b. What is their marginal tax rate if, instead, they report an additional $95,900 in deductions? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.) a. % Marginal tax rate Marginal tax rate b. %

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