2 Problem 1-35 (LO 1-3) (Algo) 10 points Chuck, a single taxpayer, earns $75,600 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. (Use the U.S. tax rate schedule.) Required: eBook a. If Chuck earns an additional $40,140 of taxable income, what is his marginal tax rate on this income? b. What is his marginal rate if, instead, he had $40,140 of additional deductions? Print References (For all requirements, do not round intermediate calculations. Round percentage answers to 2 decimal places.) a. Marginal tax rate Marginal tax rate 24.00 % 25.00 % b. Return to question 1 Problem 1-41 (LO 1-3) (Algo) 10 points Scot and Vidia, married taxpayers, earn $256,400 in taxable income and $5,000 in interest from an investment in City of Tampa bonds. (Use the U.S. tax rate schedule for married filing jointly). Required: a. If Scot and Vidia earn an additional $95,000 of taxable income, what is their marginal tax rate on this income? b. What is their marginal tax rate if, instead, they report an additional $95,000 in deductions? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.) X Answer is complete but not entirely correct. a. Marginal tax rate Marginal tax rate 25.94 X % 23.82 X % b. 2 Problem 1-35 (LO 1-3) (Algo) 10 points Chuck, a single taxpayer, earns $75,600 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. (Use the U.S. tax rate schedule.) Required: eBook a. If Chuck earns an additional $40,140 of taxable income, what is his marginal tax rate on this income? b. What is his marginal rate if, instead, he had $40,140 of additional deductions? Print References (For all requirements, do not round intermediate calculations. Round percentage answers to 2 decimal places.) a. Marginal tax rate Marginal tax rate 24.00 % 25.00 % b