$2021$ Tax Rate Schedules

Jorge and Anita, married taxpayers, earn $$150,000$ in taxable income and $$40,000$ in interest from an investment

in City of Heflin bonds. $($Use the U$.$S$.$ tax rate schedule for married filing jointly$).$

Required:

a$.$ If Jorge and Anita earn an additional $$100,000$ of taxable income, what is their marginal tax rate on this

income?

b$.$ What is their marginal rate if$,$ instead, they report an additional $$100,000$ in deductions?

$($For all requirements, round your answers to $2$ decimal places.$)$

Answer is complete but not entirely correct.

Schedule Y$-1-$Married Filing Jointly or Qualifying Widow$($er$)$

Schedule Z$-$Head of Household

Schedule Y$-2-$Married Filing Separately