**Use 2020 tax rate schedule**

1 Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. (Use the U.S. tax rate schedule.) Required: 5 points a. If Chuck earns an additional $40,000 of taxable income, what is his marginal tax rate on this income? b. What is his marginal rate if, instead, he had $40,000 of additional deductions? eBook Ask (For all requirements, do not round intermediate calculations. Round percentage answers to 2 decimal places.) Print a. % Marginal tax rate Marginal tax rate b. %