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Scot and Vidia, married taxpayers, earn $242,200 in taxable income and $5,000 in interest from an investment in City of Tampa bonds. (Use the 2021
Scot and Vidia, married taxpayers, earn $242,200 in taxable income and $5,000 in interest from an investment in City of Tampa bonds. (Use the 2021 U.S. tax rate schedule for married filing jointly).
- If Scot and Vidia earn an additional $82,200 of taxable income, what is their marginal tax rate on this income?
- What is their marginal tax rate if, instead, they report an additional $82,200 in deductions?
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The Development Of The American Public Accounting Profession
Authors: T.A. Lee
1st Edition
0415403944, 9780415403948
