Scott and Nancy are married taxpayers filing jointly and have a 2020 taxable income of $271,050. They also received $20,000 of tax-exempt income. Their average tax rate is 32.0% 0.3% 0 22.0% 0 24.0% O 19.6% Edna and Walter are a retired couple living on income from their investments and Social Security benefits. During the current year, they receive the following: Consulting fee from Burton Industries $35,000 Interest on municipal bonds 7,000 Social Security benefits 20,000 Edna and Walter's adjusted gross income is 0 $45,000. O $61,000. $47,800. O $55,000. 0 $52,000