Jenny, who files as a head of household, earns $69,400 in taxable income and $9,400...

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Finance

Jenny, who files as a head of household, earns $69,400 in taxable income and $9,400 in interest from an investment in City of Milford bonds. Using the U.S. tax rate schedule for year 2024, how much federal tax will she owe? What is her average tax rate? What is her effective tax rate? What is her current marginal tax rate? If she has an additional $24,400 of tax deductions, what is her marginal tax rate on these deductions? (Use tax rate schedule.) Show your work!
Note: Round the tax rates to two decimal places, e.g.,0.12345 as 12.35 percent.
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