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Jorge and Anita, married taxpayers, earn $160,000 in taxable income and $40,000 in interest from an investment in City of Heflin bonds. Using the U.S.
Jorge and Anita, married taxpayers, earn $160,000 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?
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