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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.

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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). a. If Jorge and Anita earn an additional $100,000 of taxable income, what is their marginal tax rate on this income? Marginal tax rate % b. What is their marginal rate if, instead, they report an additional $100,000 in deductions? Marginal tax rate %

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