Jorge and Anita, married taxpayers, earn $150,000 in taxable income and $40,000 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? (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Federal tax $ 30.070 Average tax rate 20.05% Effective tax rate 15.83 % Marginal tax rate 22.00 % Individuals Schedule X-Single If taxable income is over: But not over: The tax is: $ 0 $ 9,950 10% of taxable income $ 9,950 $ 40,525 995 plus 12% of the excess over $9.950 $ 40,525 $ 86,375 S4.664 plus 22% of the excess over $40.525 $ 86,375 S 164.925 $14.751 plus 24% of the excess over $86,375 $164.925 S 209.425 $33.603 plus 32% of the excess over $164.925 $ 209,425 S 523,600 S47.843 plus 35% of the excess over $209.425 $ 523,600 S157.804.25 plus 37% of the excess over $523,600 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: $ 0 S 19.900 10% of taxable income $ 19,900 S 81,050 S1,990 plus 12% of the excess over $19,900 $ 81,050 S 172,750 9,328 plus 22% of the excess over $81,050 $ 172.750 S 329,850 $29,502 plus 24% of the excess over $172.750 $ 329,850 S 418,850 $67,206 plus 32% of the excess over $329.850 $ 418,850 S 628,300 $95.686 plus 35% of the excess over $418.850 $ 628,300 $168.993.50 plus 37% of the excess over $628,300