Question: Please help me with this. Do all the questions correctly. Thanks! NOTE: Use U.S. 2021 Tax Rate Schedules. Problem 1-36 (LO 1-3) (Algo) Campbell, a

Please help me with this. Do all the questions correctly. Thanks!

NOTE: Use U.S. 2021 Tax Rate Schedules. Please help me with this. Do all the questions correctly. Thanks!

NOTE: Use U.S. 2021 Tax Rate Schedules. Problem 1-36 (LO 1-3) (Algo)

Problem 1-36 (LO 1-3) (Algo) Campbell, a single taxpayer, earns $428,000 in taxable income and $3,400 in interest from an investment in State of New York bonds. (Use the U.S. tax rate schedule.) Required: a. How much federal tax will she owe? b. What is her average tax rate? c. What is her effective tax rate? d. What is her current marginal tax rate? Complete this question by entering your answers in the tabs below. Reg A Req B Reqc Reg D How much federal tax will she owe? (Do not round intermediate calculations. Round "Federal tax" to the nearest dollar.) Federal tax Problem 1-39 (LO 1-3) (Algo) Jorge and Anita, married taxpayers, earn $158,000 in taxable income and $48,000 in interest from an investment in City of Heflin bonds. (Use the U.S. tax rate schedule for married filing jointly). Required: a. If Jorge and Anita earn an additional $108,000 of taxable income, what is their marginal tax rate on this income? b. What is their marginal rate if, instead, they report an additional $108,000 in deductions? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.) % a. Marginal tax rate b. Marginal tax rate %

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