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Scot and Vidia, married taxpayers, earn $324,500 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 $324,500 in taxable income and $5,000 in interest from an investment in City of Tampa bonds. (Use the U.S. tax rate schedule). (Do not round intermediate calculations. Round your answer to 2 decimal places.)
"USE 2015 TAX RATE SCHEDULE"
A) If Scot and Vidia earn an additional $85,250 of taxable income, what is their marginal tax rate on this income?
B)
How would your answer differ if they, instead, had $85,250 of additional deductions?
PLEASE REMEMBER TO USE 2015 TAX RATE!!!!!!!!!!!!!!!!
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