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Jorge and Anita, married taxpayers, earn $ 1 5 3 , 2 0 0 in taxable income and $ 4 0 , 8 0 0
Jorge and Anita, married taxpayers, earn $ in taxable income and $ in interest from an investment in City of Heflin
bonds. Using the US 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 answers to decimal places.
Schedule YMarried Filing Jointly or Qualifying Widower
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