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I just need the marginal tax rate !! please show work Scot and Vidia, married taxpayers,...
I just need the marginal tax rate !! please show work
Scot and Vidia, married taxpayers, earn $280,000 in taxable income and $11,000 in interest from an investment in City of Tampa bonds. Using the U.S. 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 24 55,549 Average tax rate 19.84 % Effective tax rate 19.09 % Marginal tax rate
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