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Scot and Vidia, married taxpayers, earn $260,000 in taxable income and $8,000 in interest from an investment in City of Tampo bonds. Ugirig the LLS
Scot and Vidia, married taxpayers, earn $260,000 in taxable income and $8,000 in interest from an investment in City of Tampo bonds. Ugirig the LLS tox rate schedule for married filing jointly, how much federal tax will they owe? What is their average tax rate? What is their effective tax rate? What is their current marginal tax rate? (Do not round intermediate calculations. Round "Average tax rate" \& "Effective tax rate" to 2 decimal places) Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) Schedule Z-Head of Household If taxable income is over: But not over: The tax is: \begin{tabular}{ll|l|l} S & 0 & $14,200 & 10% of taxable income \end{tabular}
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