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Scott and Vita, married taxpayers, earn $240,000 in taxable income and $5,000 in interest from an investment in city of Tampa bonds. A. If Scott

Scott and Vita, married taxpayers, earn $240,000 in taxable income and $5,000 in interest from an investment in city of Tampa bonds.

A. If Scott and Vita earn an additional $70,000 of taxable income what is their marginal tax rate on this income?

B. How would it differ if they instead had $70,000 of additional deductions?

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