Please show work and bold final answer. By the way, those answers I typed out our wrong.

Chuck, a single taxpayer, earns $79,000 in taxable income and $14.700 in interest from an investment in City of Heflin bonds. (Use the U.S. laxurate schedule) Required: o. If Chuck eams an additional $40,000 of taxable income, what is his marginal tax rate on this income? b. What is his marginal rate il, instead, he had $40.000 of additional deductions? Note: For all requirements, do not round intermediate calculations. Round percentage answers to 2 decimal places. Chuck, a single taxpayer, earns $79,000 in taxable income and $14.700 in interest from an investment in City of Heflin bonds. (Use the U.S. laxurate schedule) Required: o. If Chuck eams an additional $40,000 of taxable income, what is his marginal tax rate on this income? b. What is his marginal rate il, instead, he had $40.000 of additional deductions? Note: For all requirements, do not round intermediate calculations. Round percentage answers to 2 decimal places