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Chuck, a single taxpayer, earns $75,200 in taxable income and $10,200 in interest from an investment in City of Heflin bonds. (Use the U.S. tax

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Chuck, a single taxpayer, earns $75,200 in taxable income and $10,200 in interest from an investment in City of Heflin bonds. (Use the U.S. tax rateschedule) Required: o. 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 it instead, he had $40,000 of additional deductions? Note: For all requirements, do not round intermediate colculations. Round percentoge answers to 2 decimal ploces. 2023 Tax Rate Schedules Individuals

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