What is their average tax rate and effective tax rate

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Reference no: EM13746989

Scot and Vidia, married taxpayers, earn $240,000 in taxable income and $5,000 in interest from an investment in City of Tampa bonds. Using the U.S. 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?(Do not round intermediate calculations. Round "Federal tax", "Average tax rate" & "Effective tax rate" to 2 decimal places)

federal Tax ?

Average Tax rate?

effective tax rate?

Marginal tax Rate?

Reference no: EM13746989

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