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Richard and Deborah are married and will file a joint return. During the year, they received $1,000 in interest on a municipal bond used to

Richard and Deborah are married and will file a joint return. During the year, they received $1,000 in interest on a municipal bond used to finance government operations. The bond was issued by the state in which they are residents. The couple's taxable income for the year was $155,000, placing them in the 22% tax bracket. What amount of federal tax will Richard and Deborah owe on this interest income?

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