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Scot and Vidia, married taxpayers, earn $242,000 in taxable income and $5,000 in interest from an investment in City o bonds. (Use the U.S. tax

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Scot and Vidia, married taxpayers, earn $242,000 in taxable income and $5,000 in interest from an investment in City o bonds. (Use the U.S. tax rate schedule for married filing jointly). Required: ook nt a. If Scot and Vidia earn an additional $80,400 of taxable income, what is their marginal tax rate on this income? b. What is their marginal tax rate if, instead, they report an additional $80,400 in deductions? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.).' Marginal tax rato Marginal tax rate 25.94% 23.82% b

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