Jorge and Anita, married tax

payers, earn $$168,400$ in taxable income and $$44,600$ in interest from an investment in City of Heflin bonds. Using the U$.$S$.$ tax rate schedule for married filing jointly, how much federal tax will they owe? What is their average tax rate? What is their effective tax rate? What is their current marginal tax rate?

Note: Do not round intermediate calculations. Round your percentage answers to $2$ decimal places $2023$ Tax Rate Schedules

Individuals

Schedule X$-$Single

If taxable income is over: But not over: The tax is:

$ $0$ $ $11,00010\%$ of taxable income

$ $11,000$ $ $44,725$ $$1,100$ plus $12\%$ of the excess over $$11,000$

$ $44,725$ $ $95,375$ $$5,147$ plus $22\%$ of the excess over $$44,725$

$ $95,375$ $ $182,100$ $$16,290$ plus $24\%$ of the excess over $$95,375$

$ $182,100$ $ $231,250$ $$37,104$ plus $32\%$ of the excess over $$182,100$

$ $231,250$ $ $578,125$ $$52,832$ plus $35\%$ of the excess over $$231,250$

$ $578,125$ $$174,238\mathrm{.}25$ plus $37\%$ of the excess over $$578,125$

Schedule Y$-1-$Married Filing Jointly or Qualifying surviving spouse

If taxable income is over: But not over: The tax is:

$ $0$ $ $22,00010\%$ of taxable income

$ $22,000$ $ $89,450$ $$2,200$ plus $12\%$ of the excess over $$22,000$

$ $89,450$ $ $190,750$ $$10,294$ plus $22\%$ of the excess over $$89,450$

$ $190,750$ $ $364,200$ $$32,580$ plus $24\%$ of the excess over $$190,750$

$ $364,200$ $ $462,500$ $$74,208$ plus $32\%$ of the excess over $$364,200$

$ $462,500$ $ $693,750$ $$105,664$ plus $35\%$ of the excess over $$462,500$

$ $693,750$ $$186,601\mathrm{.}5$ plus $37\%$ of the excess over $$693,750$

Schedule Z$-$Head of Household

If taxable income is over: But not over: The tax is:

$ $0$ $ $15,70010\%$ of taxable income

$ $15,700$ $ $59,850$ $$1,570$ plus $12\%$ of the excess over $$15,700$

$ $59,850$ $ $95,350$ $$6,868$ plus $22\%$ of the excess over $$59,850$

$ $95,350$ $ $182,100$ $$14,678$ plus $24\%$ of the excess over $$95,350$

$ $182,100$ $ $231,250$ $$35,498$ plus $32\%$ of the excess over $$182,100$

$ $231,250$ $ $578,100$ $$51,226$ plus $35\%$ of the excess over $$231,250$

$ $578,100$ $$172,623\mathrm{.}5$ plus $37\%$ of the excess over $$578,100$

Schedule Y$-2-$Married Filing Separately

If taxable income is over: But not over: The tax is:

$ $0$ $ $11,00010\%$ of taxable income

$ $11,000$ $ $44,725$ $$1,100$ plus $12\%$ of the excess over $$11,000$

$ $44,725$ $ $95,375$ $$5,147$ plus $22\%$ of the excess over $$44,725$

$ $95,375$ $ $182,100$ $$16,290$ plus $24\%$ of the excess over $$95,375$

$ $182,100$ $ $231,250$ $$37,104$ plus $32\%$ of the excess over $$182,100$

$ $231,250$ $ $346,875$ $$52,832$ plus $35\%$ of the excess over $$231,250$

$ $346,875$ $$93,300\mathrm{.}75$ plus $37\%$ of the excess over $$346,875$