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Chuck, a single taxpayer, earns $ 7 8 , 6 0 0 in taxable income and $ 1 4 , 1 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.
tablea Marginal tax rate,,
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