Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an...
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Accounting
Chuck, a single taxpayer, earns $ in taxable income and $ in interest from an investment in City of Heflin bonds. Use the US tax rate schedule. Required: a If Chuck earns an additional $ of taxable income, what is his marginal tax rate on this income? b What is his marginal rate if instead, he had $ of additional deductions? Note: For all requirements, do not round intermediate calculations. Round percentage answers to decimal places. 
Chuck, a single taxpayer, earns $ in taxable income and $ in interest from an investment in City of Heflin bonds. Use the
US tax rate schedule.
Required:
a If Chuck earns an additional $ of taxable income, what is his marginal tax rate on this income?
b What is his marginal rate if instead, he had $ of additional deductions?
Note: For all requirements, do not round intermediate calculations. Round percentage answers to decimal places.
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