Question: Jonah, a single taxpayer, earns $ 1 5 0 , 0 0 0 in taxable income and $ 1 0 , 0 0 0 in

Jonah, a single taxpayer, earns $

150, 000

in taxable income and $

10, 000

in interest from an investment in city of Denver bonds. Using the U

.

.

tax rate schedule for year

2024,

how much federal tax will he owe? What is his average tax rate? What is his effective tax rate? What is his current marginal tax rate? If Jonah earned an additional $

50, 000

of taxable income, what is his marginal tax rate on this income?

(

Use tax rate schedule.

)

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