Question
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.
| 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. tax rate schedule). (Do not round intermediate calculations. Round your answers to 2 decimal places.) |
| 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 reported an additional $100,000 in deductions? |
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How To Secure And Audit Oracle 10g And 11g
Authors: Ron Ben-Natan, Brian E. White, Paul R. Garvey
1st Edition
1420084127, 978-1420084122
