LO 1-3 38. Jorge and Anita, married taxpayers, carn $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 (see Example 1-3), how much foderal tax will they owe? What is their average tax rate? What is their effective tax rate? What is their current marginal tax rate? mhlom 39 if large and Anita carn an additional $100,000 of LO 1-3 Schedule Y-2-Married Filing Separately But not NET Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) Iftale nous But not OVER over The tax is 5 . $ 19.900 105 of taxable income $ 19.900 $ 81,050 $1.990 plus 125 of the excess over $19.900 $ 81,0505172,750 89.328 plus 22% of the excess over $81.00 5172.750 5329.850 $29.502 plus 245 of the excess over 5172,750 329,850 S418.850 $67,206 plus 325 of the excess over $329,850 5418.50 5628,300 $95.686 plus 35% of the excess over S418.850 $168.993.50 plus 37 of the excess over 5628,300 If taxable Income ever The taxis $ 0 $9.950 19% of taxable income 59,950 $40.525 $995 pl 12 of the Over $9.950 $ 40,525 $ 86,315 $4.664 22% of the ce Over $40525 $ 86,375 $164.925 514751 plus 20 of the excom over $86375 $164.925 $209,495 $3.600 plus 2t of the excess $164.925 $209.425 $314,150 $47,847 plus 35% of the excess 200425 $314.150 584,496,75 plus 37 of the excess over $314.150 5628,300