Individuals Schedule X-Single \begin{tabular}{|c|c|l|} \hline If taxable income is over: & But not over: & \multicolumn{1}{c|}{ The tax is: } \\ \hline$0 & $9,950 & 10% of taxable income \\ \hline$9,950 & $40,525 & $995 plus 12% of the excess over $9,950 \\ \hline$40,525 & $86,375 & $4,664 plus 22% of the excess over $40,525 \\ \hline$86,375 & $164,925 & $14,751 plus 24% of the excess over $86,375 \\ \hline$164,925 & $209,425 & $33,603 plus 32% of the excess over $164,925 \\ \hline$209,425 & $523,600 & $47,843 plus 35% of the excess over $209,425 \\ \hline$523,600 & - & $157,804.25 plus 37% of the excess over $523,600 \\ \hline \end{tabular} Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) \begin{tabular}{|c|c|l|} \hline If taxable income is over: & But not over: & \multicolumn{1}{|c|}{ The tax is: } \\ \hline$0 & $19,900 & 10% of taxable income \\ \hline$19,900 & $81,050 & $1,990 plus 12% of the excess over $19,900 \\ \hline$81,050 & $172,750 & $9,328 plus 22% of the excess over $81,050 \\ \hline$172,750 & $329,850 & $29,502 plus 24% of the excess over $172,750 \\ \hline$329,850 & $418,850 & $67,206 plus 32% of the excess over $329,850 \\ \hline$418,850 & $628,300 & $95,686 plus 35% of the excess over $418,850 \\ \hline$628,300 & - & $168,993.50 plus 37% of the excess over $628,300 \\ \hline \end{tabular} Schedule Z-Head of Household \begin{tabular}{|c|c|l|} \hline If taxable income is over: & But not over: & \multicolumn{1}{|c|}{ The tax is: } \\ \hline$0 & $14,200 & 10% of taxable income \\ \hline$14,200 & $54,200 & $1,420 plus 12% of the excess over $14,200 \\ \hline$54,200 & $86,350 & $6,220 plus 22% of the excess over $54,200 \\ \hline$86,350 & $164,900 & $13,293 plus 24% of the excess over $86,350 \\ \hline$164,900 & $209,400 & $32,145 plus 32% of the excess over $164,900 \\ \hline$209,400 & $523,600 & $46,385 plus 35% of the excess over $209,400 \\ \hline$523600 & - & $156255 nlus 37% of the excess over $523600 \\ \hline \end{tabular} Jorge and Anita, married taxpayers, earn $150,000 in taxable income and $40,000 in interest from an investment in City of Heflin bonds. (Use the U.S. for married filing jointly). Required: a. If Jorge and Anita earn 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 $100,000 in deductions? (For all requirements, round your answers to 2 decimal places.) Schedule Y-2-Married Filing Separately \begin{tabular}{|c|c|l|} \hline If taxable income is over: & But not over: & \multicolumn{1}{|c|}{ The tax is: } \\ \hline$ & $99,950 & 10% of taxable income \\ \hline$9,950 & $40,525 & $995 plus 12% of the excess over $9,950 \\ \hline$40,525 & $86,375 & $4,664 plus 22% of the excess over $40,525 \\ \hline$86,375 & $164,925 & $14,751 plus 24% of the excess over $86,375 \\ \hline$164,925 & $209,425 & $33,603 plus 32% of the excess over $164,925 \\ \hline$209,425 & $314,150 & $47,843 plus 35% of the excess over $209,425 \\ \hline$314,150 & - & $84,496.75 plus 37% of the excess over $314,150 \\ \hline \end{tabular}