What is their current marginal tax rate

Reference no: EM13130089

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? (Round your answers to 2 decimal places.Omit the "tiny_mce_markerquot; and "%" signs in your response.)

Federal tax $
Average tax rate %
Effective tax rate %
Marginal tax rate %

Reference no: EM13130089

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