taxation individuals 2020 edition

QUESTION 5 Chuck, a single taxpayer, earns $80,000 in taxable income and 510,000 in interest from an investment in City of Heflin bonds. If Chuck came an additional 10.000 of table income what is his marginal tax rate on this income? QUESTION 6 Chuck, a single taxpayer, earns $80,000 in taxable income and $10,000 in interest from an investment in City of Hellin bonds. If Chuck claims an additional 40.000 of deduction what is his marginal tax rate on this income? QUESTION 7 Jorge and Anita, married taxpayers, carn $155.000 in taxable income and $40,000 in interest from an investment in City of Heflin bonds. Using the U.S. tax rate schedule for married filing jointly, how much federal tax will they owe? QUESTION 12 Hugh has the choice between investing in a City of Heflin bond at 5 percent or a Surething bood. Assuming that both boods have the same characteristics and that Hugh has a 28 percent marginal tax rate. What interest rate does Surething, Inc. need to offer to make Hugh indifferent between investing is the two bonds? and submit. Click Save All Anders to see all me