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8 Scot and Vidia, married taxpayers, earn $246,000 in taxable income and $5,000 in interest from an investment in City of Tampa bonds. (Use the

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8 Scot and Vidia, married taxpayers, earn $246,000 in taxable income and $5,000 in interest from an investment in City of Tampa bonds. (Use the U.S. tax.rate.schedule for married filing jointly Required: a. If Scot and Vidia earn an additional $110,000 of taxable income, what is their marginal tax rate on this income? b. What is their marginal rate if, instead, they report an additional $110,000 in deductions? For all requirements, do not round intermediate calculations. Round your answer to 2 decimal places) Marginal tax rale MacBook Air 0 2 3 4 8 Scot and Vidia, married taxpayers, earn $246,000 in taxable income and $5,000 in interest from an investment in City of Tampa bonds. (Use the U.S. tax.rate.schedule for married filing jointly Required: a. If Scot and Vidia earn an additional $110,000 of taxable income, what is their marginal tax rate on this income? b. What is their marginal rate if, instead, they report an additional $110,000 in deductions? For all requirements, do not round intermediate calculations. Round your answer to 2 decimal places) Marginal tax rale MacBook Air 0 2 3 4

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