Jorge and Anito, married taxpayers, earn $156,000 in taxable income and $46,000 in interest from an investment in City of Henin bonds. (Use the U.S. tax rate schedule for married filing jointly) Required: a. It Jorge and Anita earn an additional $106,000 of taxable income, what is their marginal tax rate on this income? b. What is their marginal rate If, instead, they report an additional $106,000 in deductions? (For all requirements, do not round Intermediate calculations. Round your answers to 2 decimal places.) a Marginal tax rate b. Marginal tax rate Schedule X-Single If taxable income is over: But not over: The tax is: $ 0 S 9.950 10% of taxable income $ 9,950 $ 40,525 $995 plus 12% of the excess over $9,950 $ 40,525 $ 86,375 $4,664 plus 22% of the excess over $40,525 $ 86,375 $164.925 $14.751 plus 24% of the excess over $86,375 $ 164,925 $ 209,425 $33,603 plus 32% of the excess over $164,925 $ 209,425 $ 523,600 $47,843 plus 35% of the excess over $209,425 $ 523,600 $157,804.25 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 $ 19,900 10% of taxable income $ 19,900 $ 81,050 $1.990 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 $ 329,850 $29,502 plus 24% of the excess over $172,750 $ 329,850 $ 418,850 $67,206 plus 32% of the excess over $329,850 S 418,850 $ 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