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#5 Please answer A-B. Scot and Vidia, married taxpayers, earn $240,700 in taxable income and $5,000 in interest from an investment in City of Tampa
#5 Please answer A-B. 
Scot and Vidia, married taxpayers, earn $240,700 in taxable income and $5,000 in interest from an investment in City of Tampa b (Use the U.S. tax rate schedule for married filing jointly.) Required: a. If Scot and Vidia earn an additional $80,700 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 $80,700 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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Managerial Accounting
Authors: Ray Garrison, Eric Noreen and Peter Brewer
14th edition
978-007811100, 78111005, 978-0078111006
