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NIG Jorge and Anita, married taxpayers, earn $144,500 in taxable income and $54,000 in interest from an investment in City of

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Answer #1
Earnings 144500
Interest 54000
Total Income 198500
2020 Tax Slab
Scenario 1 Scenario 2
Additional Income 107000 Additional Detuction 107000
Total Income 305500 Total Income 91500
19400 10 1940 19400 10 1940
59550 12 7146 59550 12 7146
89450 22 19679 12550 22 2761
137100 24 32904
61669 11847
Marginal Rate of Tax         20.19 Marginal Rate of Tax         12.95
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