2 140:18 rences Problem 1-35 (LO 1-3) (Algo) Chuck, a single taxpayer, earns $80,200 in taxable income and $15,600 in interest from an investment in City of Heflin bonds. (Use the US tax rate schedule) Required: a. If Chuck earns an additional $40,000 of taxable income, what is his marginal tax rate on this income? b. What is his marginal rate it, instead, he had $40,000 of additional deductions? (For all requirements, do not round intermediate calculations. Round percentage answers to 2 decimal places.) a Marginal tax rate b. Marginal tax rate %