Chuck, a single taxpayer, earns $78,300 in taxable income and $13,600 in interest from an investment in City of Heflin 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 percentage answers to 2 decimal places.) a. Marginal tax rate b. Marginal tax rate 2021 Tax Rate Schedules Individuals Schedule X-Single Ir taxable income over det not ever: Thesis S 59.950 10% 59,950 S 10525 Souspl 12% of the CRC 59,950 5.40.525 S86375 54.666 plus 2236f the excess over 50, 525 $ 86.375 $164.95 $14.7512 of the Rosar $8627 5 164,925 5 209,225 533.63 plus 32 olie excess over $164.925 5202,425 $ 533,00 547343 plus 39% of the excess 2014 5523,000 S157,0425 plus 37 the excess nr 5521.600 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) taxable income is over het over The tas is: o $ 19,900 luftuable income $ 19,900 $ 81,050 S8 plus 121 of the excess over $19.900 S 81050 5 172.150 $8,125plus2236 od the week over $81,080 5.172.750 $329,850 $29.5 plus 20% of the excess over $172.750 $329,850 5418,850 567 206 plus of the nesse 53323 5418, SO 5626,300 595.656 plus 3% of the excess over S418.ESO $638300 S168.993.50 plus 37% of the S.300 Schedule Z-Head of Household I taxable income haver Hut not ever The taste S 5 14.300 10% of the $ 14.200 $ 54,200 $1.420 plus 1 of the No V 514.200 S 54,200 S 6.350 56.220 plus 22 the exceer SS4200 S MISO 5164,500 513.205 plus 20% of the excess over 5862350 $164,00 $209,400 532.145 plus 12% of the case 164,900 $ 202,400 521,400 46 35 plus of the cover $200,400 $ $23,600 5156,355 plus 3% of the 5503.560 Schedule Y-2-Married Filing Separately Itable income is Hall over The taxis S 0 33.950 ffwahl income $ 9,950 $40.525 595 pe 12% of the 5990 5 40.325 $ 86,375 54/6 plus 22% of the excess over 500:325 $ 175 $164.925 $14.751 h 24% of the excess N$85.375 $164.923 2005 Ses plus 3% of the excess $16.99 $ 209,425 5314,150 547.543 plus 39 of the excess 30/93 $314.150 5844975 plus the sens over 50