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Chuck, a single taxpayer, earns $55,500 in taxable income and $19,000 in interest from an...

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Accounting

Chuck, a single taxpayer, earns $55,500 in taxable income and $19,000 in interest from an investment in City of Heflin bonds. (Use the U.S tax rate schedule.) Required:

How much federal tax will he owe?

What is his average tax rate?

What is his effective tax rate?

What is his current marginal tax rate? I get 8039.50 for a. 14.62% for b. 10.86% for c. 22% for d. But I don't understand what I'm doing wrong.

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