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QUESTION 5 Chuck, a single taxpayer, earns $80,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. If

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QUESTION 5 Chuck, a single taxpayer, earns $80,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. If Chuck earns an additional $40,000 of taxable income, what is his marginal tax rate on this income? QUESTION 6 Chuck, a single taxpayer, eams $80,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. If Chuck claims an additional $40,000 of deductions, what is his marginal tax rate on this income?

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