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2019

Scot and Vidia, married taxpayers, earn $288,000 in taxable income and $12.200 in interest from an investment in City of Tampa bonds. Using the US tax rate schedule for married filing jointly, how much federal tax will they owe? What is their average tax rate? What is their effective tax rate? What is their current marginal tax rate? (Do not round intermediate calculations. Round "Average tax rate" & "Effective tax rate" to 2 decimal places) % Federal tax Average tax rate Eective tax rate Marginal tax rato 2019 Tax Rate Schedules Individuals Schedule X-Single Ir taxable income is over: But not over: The tax is: S 0 S 9,700 1096 of taxable income S 9.700 S 39,475 5970 plus 12% of the excess over 59,700 $ 39,475 $ 84,200 S4,343 plus 22% of the excess over $39,475 S 84.200 $160,725 S14,382.50 plus 24% of the excess over $84.200 S160,725 S204,100 532,748.50 plus 32% of the excess over $160,725 5204.100 S510,300 546,628.50 plus 35% of the excess over $204,100 $510,300 S153.798.50 plus 37% of the excess over S510,300 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: S 0 $ 19,400 10% of taxable income $ 19,400 $ 78,950 $1.940 plus 12% of the excess over $19,400 S 78,950 $168,400 $9.086 plus 22% of the excess over $78,950 S168,400 $321.450 $28,765 plus 24% of the excess over $168,400 S321,450 $408.200 $65,497 plus 32% of the excess over 5321,450 S408,200 S612,350 $93.257 plus 35% of the excess over $408,200 5612,350 $164.709.50 plus 37% of the excess over 5612,350 Schedule Z-Head of Household Ir taxable income is over: But not over: The fax is: S 0 $ 13,850 10% of taxable income S 13,850 $ 32,850 $1,385 plus 12% of the excess over $13.850 S 52.850 S 84.200 56,065 plus 22% of the excess over S52,850 $ 84,200 S160,700 $12.962 plus 24% of the excess over $84.200 $160,700 S204,100 $31,322 plus 32% of the excess over $160,700 S204,100 S510,300 S45,210 plus 35% of the excess over S204,100 S510,300 $152,380 plus 37% of the excess over $510,300 Schedule Y-2-Married Filing Separately Ir taxable income is over: Bat not over: The tax is: S 0 $ 9,700 10% of taxable income $ 9,700 $ 39,475 5970 plus 12% of the excess over 89,700 $ 39,475 $ 84,200 54,543 plus 229 of the excess over $39,475 S 84.200 S160,725 S14.382.50 plus 24% of the excess over $84.200 $160,725 $204,100 $32,748.50 plus 32% of the excess over $160,725 S204,100 $306,175 $46.628.50 plus 35% of the excess over S204,100 S306,175 582,354.75 plus 37% of the excess over $306,175