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Chuck, a single taxpayer, earns $ 7 6 , 4 0 0 in taxable income and $ 1 1 , 5 0 0 in interest
Chuck, a single taxpayer, earns $ in taxable income and $ in interest
from an investment in City of Heflin bonds. Use the US tax rate schedule.
Required:
a If Chuck earns an additional $ of taxable income, what is his marginal
tax rate on this income?
b What is his marginal rate if instead, he had $ of additional deductions?
Note: For all requirements, do not round intermediate calculations. Round
percentage answers to decimal places.
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