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Help Scot and Vidia, married taxpayers, earn $260,000 in taxable income and $8,000 in interest from an investment in City of
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Answer #1
Calculation
Federal Tax $50,749 28765+(260000-168400)*24%
Average Tax Rate 19.52% 50749/260000
Efficient Tax Rate 18.94% 50749/268000
Marginal Tax Rate 24% 24%

For year 2019

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