Question: Please help with both problems and by showing how to get each number. I will rate! Please use tax rate attached. 41. Scot and Vidia,
Please help with both problems and by showing how to get each number. I will rate! Please use tax rate attached.


41. Scot and Vidia, married taxpayers, earn $240,000 la ui ll interest from an investment in City of Tampa bonds. Using the U.S. tax rate schedule for married filing jointly (see Example 1-3), 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? 42, Using the facts in problem 41, if Scot and Vidia earn an additional $70,000 of / taxable income, what is their marginal tax rate on this income? How would your answer differ if they, instead, had $70,000 of additional deductions
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