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Posted on Aug 07, 2024

Jorge and Anita, married taxpayers, earn $ 1 5 0 , 8 0 0 in taxable income and $ 4 0 , 2 0 0

Jorge and Anita, married taxpayers, earn $

150, 800

in taxable income and $

40, 200

in interest from an investment in City of Heflin bonds. Using the U

.

.

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?

2023

Tax Rate Schedules

Individuals

Schedule X

-

Single

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