Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. (Use the U.S tax rate schedule.) Required: a. How much federal tax will he owe? b. What is his average tax rate? c. What is his effective tax rate? d. What is his current marginal tax rate? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req A ReqB Reqc Reg D How much federal tax will he owe? (Do not round intermediate calculations. Round "Federal tax" to nearest wh amount.) Federal tax $ 37,950 ReqB > Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. (Use the U.S tax rate schedule.) Required: a. How much federal tax will he owe? b. What is his average tax rate? c. What is his effective tax rate? d. What is his current marginal tax rate? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Rechts Req A Reqc Reg D ReqB What is his average tax rate? (Do not round intermediate calculations. Round total tax to nearest whole dollar Average Tax Rate Choose Choose numerator denominator Total tax 1 Taxable income $ 14,489 $ 75,000 19.32% Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. (Use the U.S tax rate schedule.) Required: a. How much federal tax will he owe? b. What is his average tax rate? c. What is his effective tax rate? d. What is his current marginal tax rate? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req A Req B Rac Req D What is his effective tax rate? (Do not round intermediate calculations. Round total tax to nearest whole dollar Effective Tax Rate Choose numerator Choose 1 denominator Total tax Total income $ 14,489 $ 85,000 17.05% Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. (Use the U.S tax rate schedule.) Required: a. How much federal tax will he owe? b. What is his average tax rate? c. What is his effective tax rate? d. What is his current marginal tax rate? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req A Req B Reqc RelD What is his current marginal tax rate? Marginal tax rate 25 %