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26. (8 pts) George and Elizabeth, married taxpayers, earn $150,000 in wages and $40,000 in interest from an investment in City of Heflin bonds. (Round

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26. (8 pts) George and Elizabeth, married taxpayers, earn $150,000 in wages and $40,000 in interest from an investment in City of Heflin bonds. (Round your answers to 2 decimal places.) How much federal tax will they owe? Studio What is their average tax rate? al What is their effective tax rate? What is their marginal tax rate if they earn $175,000 in wages

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