Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an investment in City of Evansville bonds. Using the U.S. tax rate schedule, how much federal tax will he owe? What is his average tax rate? What is his effective tax rate? What is his current marginal tax rate? Jorge and Anita, married taxpayers, earn $150,000 in taxable income and $40,000 in interest from an investment in State of Indiana bonds. Using the U.S. tax rate schedule for married filing jointly, how much federal tax will they owe? What is their average tax rate? What is their effective tax rate? What is their current marginal tax rate