Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an investment in City of Hellin bonds (Use the U.S. tax rate schedule.) Required: a. If Chuck earns an additional $40,000 of taxable income, what is his marginal tax rate on this income? b. What is his marginal rate if, instead, he had $40,000 of additional deductions? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.) a b. Marginal tax rate Marginal tax rate w Jorge and Anita, married taxpayers, earn $150,000 in taxable income and $40,000 in interest from an investment in City of Heflin bonds. Using the US, tax rate schedule for married fling 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? (Round your answers to 2 decimal places.) Average taxe Efective tax rate Marginal tax rate pori Jorge and Anita, married taxpayers, earn $150,000 in taxable income and $40,000 in interest from an investment in City of Hellin bonds. (Use the US, tax rate schedule for married filing jointly). Required: 15 points a. I Jorge and Anita eam an additional $100,000 of taxable income, what is their marginal tax rate on this income? b. What is their marginal rate if, instead, they report an additional $100,000 in deductions? Skipped (For all requirements, round your answers to 2 decimal places.) Marginal tax rate Marginal tax rate References 2019 Tax Rate Schedules individuals helardele Bull The te The we If the Is 59.00 10 of the income 51550 10 of 9.700 SO SOS 52.475970 plus 125 of the Over 2.700 po 51402 50 plus 246 SI 000 31322plus 45 5036 of the excess over Si.735 S10 SO100 5510,300 46,628 50 plus 356 10 plus 1100 5204,100 S153.795.50 plus 37 $15.300 plus 37 of Nelerde Y Married Piling Jolly or Qualityling Scadele 2 Married Separately If tablete Button The tax s t ate The 519.00 106 of become o s SOS. 19.00 SO 1.450 SI 1450 593357 355 of S164.709 50 plus 37% 561250