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your responses and what was marked correct and incorrect from Scot and Vidla, married taxpayers, earn $241,200 in taxable income and $5,000 in interest
your responses and what was marked correct and incorrect from Scot and Vidla, married taxpayers, earn $241,200 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 earn an additional $81,200 of taxable income, what is their marginal tax rate on this income? b. What is their marginal tax rate If, instead, they report an additional $81,200 in deductions? Note: For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places. a. Marginal tax rate 24.00% b. Marginal tax rate 22.00
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