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Chuck, a single taxpayer, earns $ 8 0 , 0 0 0 in taxable income and $ 1 6 , 1 0 0 in interest

Chuck, a single taxpayer, earns $80,000 in taxable income and $16,100 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?
Note: For all requirements, do not round intermediate calculations. Round percentage answers to 2 decimal places.
\table[[a. Marginal tax rate,,%,%
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