Question: need some help studying, i will give a good rating. Scot and Vidia, married taxpayers, earn $266,000 in taxable income and $8,900 in interest from

Scot and Vidia, married taxpayers, earn $266,000 in taxable income and $8,900 in interest from an investment in City of Tampa bonds. Using the US tax tate schedule for married filing Jointly, how much federal tax will they owe? What is their average tax rate? What is their effective tax rate? What is their current marginal tax rate? (Do not round intermediate calculations. Round "Average tax rate" & "Effective tax rote" to 2 decimal places) Federal tax Avengo tax rate Effective tax rate Marginal tax rate % % % Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: s 0 $ 19,900 10% of taxable income $ 19,900 S 81,050 $1,990 plus 12% of the excess over $19,900 S 81,050 $ 172,750 $9,328 plus 22% of the excess over $81,050 $ 172,750 $ 329,850 $29,502 plus 24% of the excess over $172,750 $ 329,850 $ 418,850 $67,206 plus 32% of the excess over $329,850 $ 418,850 S 628,300 $95,686 plus 35% of the excess over $418,850 S628,300 $168.993.50 plus 37% of the excess over $628,300
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