Question: Scot and Vidia, married taxpayers, earn $ 2 4 0 , 0 0 0 in taxable income and $ 5 , 0 0 0 in
Scot and Vidia, married taxpayers, earn $ in taxable income and $ in interest from an investment in City of Tampa bonds. Using the US tax rate 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?
Note: Round "Average tax rate" & "Effective tax rate" to decimal places.
Answer is complete but not entirely correct.
tableFederal tax,$Average tax rate,
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