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Chuck, a single taxpayer, earns $75,900 in taxable income and $11,100 in interest from an investment in City of Heflin bonds. (Use the U.S tax

Chuck, a single taxpayer, earns $75,900 in taxable income and $11,100 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?

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