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the 24% is correct can it be done with the 2021 tax schedule Ches Scot and Vidia, married taxpayers, earn $241.700 in taxable income and

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image text in transcribedthe 24% is correct can it be done with the 2021 tax schedule
Ches Scot and Vidia, married taxpayers, earn $241.700 in taxable income and $5,000 in interest from an investment in City of Tampa bonds (Use the US, tax rate schedule for married filing jointly) Required: a. If Scot and Vidia eam an additional $81,700 of taxable income, what is their marginal tax rate on this income? b. What is their marginal tax rate it, instead, they report an additional $81700 in deductions? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.) a. Marginal tax rate b. Marginal tax rate 24.00% Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: $ 0 $ 19,900 10% of taxable income $ 19,900 $ 81,050 $1,990 plus 12% of the excess over $19.900 $ 81,050 $ 172.750 $9,328 plus 22% of the excess over $81,050 $ 172,750 $ 329,850 $29,502 plus 24% of the excess over $172,750 $ 329,850 $ 418,850 $67,206 plus 32% of the excess over $329,850 $ 418,850 $ 628,300 $95,686 plus 35% of the excess over $418,850 $ 628,300 $168.993.50 plus 37% of the excess over $628,300

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