Question
Scot and Vidia, married taxpayers, earn $92,000 in taxable income and $5,000 in interest from an investment in City of Tampa bonds. (Use the U.S.tax
Scot and Vidia, married taxpayers, earn $92,000 in taxable income and $5,000 in interest from an investment in City of Tampa bonds. (Use the U.S.tax rate schedulefor married filing jointly).(Do not round intermediate calculations. Round your answer to 2 decimal places.)
a.If Scot and Vidia earn an additional $60,500 of taxable income, what is their marginal tax rate on this income?
b.How would your answer differ if they, instead, had $60,500 of additional deductions?
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Cost Management
Authors: Don R Hansen, Maryanne M Mowen, Dan L Heitger
5th Edition
357141091, 978-0357141090
