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Jorge and Anita, married taxpayers, earn $404,500 in taxable income and $50,000 in interest from an investment in City of Heflin bonds.Using the U.S.tax rate

Jorge and Anita, married taxpayers, earn $404,500 in taxable income and $50,000 in interest from an investment in City of Heflin bonds.Using the U.S.tax rate schedulefor married filing jointly 2016, 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?(Do not round intermediate calculations. Round your answers to 2 decimal places.) Show how to get numbers for calculation

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