Question
PI:1-41 (similar to) Jillian and George are married and file a joint return. They expect to have $ 420 comma 000 of taxable income in
PI:1-41 (similar to) Jillian and George are married and file a joint return. They expect to have $ 420 comma 000 of taxable income in the next year and are considering whether to purchase a personal residence that would provide additional tax deductions of $ 126 comma 000 for mortgage interest and real estate taxes. LOADING... (Click the icon to view the 2018 tax rate schedule for the Married filing jointly filing status.) Read the requirementsLOADING.... Requirement a. What is their marginal tax rate for purposes of making this decision? (Enter amounts as percentages to one decimal place.)
What is the marginal tax rate if the personal residence is not purchased? %
What is the marginal tax rate if the personal residence is purchased? %
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