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2023 Tax rate schuedule orge and Anita, married taxpayers, earn $162,000 in taxable income and $52,000 in interest from an investment in City of Heflin
2023 Tax rate schuedule
orge and Anita, married taxpayers, earn $162,000 in taxable income and $52,000 in interest from an investment in City of Heflin onds. (Use the U.S, tax rate schedule for married filing jointly.) Required: a. If Jorge and Anita earn an additional $112,000 of taxable income, what is their marginal tax rate on this income? b. What is their marginal rate if, instead, they report an additional $112,000 in deductions? Note: For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places Step by Step Solution
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