Question: If you could help me out that would be awesome, let me know, thanks Chuck, a single taxpayer earns $58,500 in taxable income and $20,800
If you could help me out that would be awesome, let me know, thanks

Chuck, a single taxpayer earns $58,500 in taxable income and $20,800 in interest from an investment in City of Heflin bonds. (Use the U.S tax rate schedule.) Required: a. How much federal tax will he owe? b. What is his average tax rate? c. What is his effective tax rate? d. What is his current marginal tax rate? Complete this question by entering your answers in the tabs below Req A Req B Req C Req D How much federal tax will he owe? (Do not round intermediate calculations. Round "Federal tax" to 2 decimal places.) Federal tax Schedule X-Single If taxable income is over: But not over: $ 9.525 $ 38,700 $ 82,500 $157,500 $200,000 $500,000 The tax is: S 9,525 38,700 $ 82,500 $157.500 $200,000 $500,000 10% of taxable income $952.50 plus 12% of the excess over $9,525 $4,453.50 plus 22% of the excess over $38,700 $14,089.50 plus 24% of the excess over $82,500 $32,089.50 plus 32% of the excess over $157,500 $45,689.50 plus 35% of the excess over $200,000 $150,689.50 plus 37% of the excess over $500,000
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