Question: Return to que 1 Problem 1-41 (LO 1-3) (Algo) 10 points Scot and Vidia, married taxpayers, earn $256,400 in taxable income and $5,000 in interest

Return to que 1 Problem 1-41 (LO 1-3) (Algo) 10 points

Return to que 1 Problem 1-41 (LO 1-3) (Algo) 10 points Scot and Vidia, married taxpayers, earn $256,400 in taxable income and $5,000 in interest from an investment in City of Tampa bonds. (Use the U.S. tax rate schedule for married filing jointly). Required: a. If Scot and Vidia earn an additional $95,000 of taxable income, what is their marginal tax rate on this income? b. What is their marginal tax rate if, instead, they report an additional $95,000 in deductions? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.) Answer is complete but not entirely correct. a. Marginal tax rate Marginal tax rate 23.51 % % 20.84 % b

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