Business, 06.09.2020 02:01 hannacarroll2539

Chuck, a single taxpayer, earns $79,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. a. If Chuck earns an additional $40,480 of taxable income, what is his marginal tax rate on this income?
b. What is his marginal rate if, instead, he had $40,480 of additional deductions?

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Chuck, a single taxpayer, earns $79,000 in taxable income and $10,000 in interest from an investment...