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Scot and Vidia, married taxpayers, earn $254,200 in taxable income and $5,000 in interest from an investment in City of Tampa bonds (Use the U.S.
Scot and Vidia, married taxpayers, earn $254,200 in taxable income and $5,000 in interest from an investment in City of Tampa bonds (Use the U.S. tax rate schedule for married filing jointly), Required: Af Scot and Vidia eam an additional $85,100 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 $85100 in deductions? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.) Margareto Scot and Vidia, married taxpayers, earn $254,200 in taxable income and $5,000 in interest from an investment in City of Tampa bonds (Use the U.S. tax rate schedule for married filing jointly), Required: Af Scot and Vidia eam an additional $85,100 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 $85100 in deductions? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.) Margareto
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