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Question: scot and vidia married taxpayers earn 75000 in taxable income...

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Scot and Vidia, married taxpayers, earn $75,000 in taxable income and $5,000 in interest from an investment in City of Tampa bonds. (Use the U.S. tax rate schedule for married filing jointly) Required a. If Scot and Vidia earn an additional $22,000 of taxable income, what is their marginal tax rate on this income? b. What is their marginal rate if, instead, they report an additional $22,000 in deductions? Schedule Y-1-Married Filing Jointly or Qualitying Widow(er) If taxable income is over: The tax is: 19.050 77,400 $165,000 $315.000 $400,000 $600,000 But not over: 19,050 $ 77,400 $165,000 $315,000 $400,000 $600,000 10% of taxable income $1,905 plus 12% ofthe excess over $19.050 $8.907 plus 22% ofthe excess over $77,400 $28,179 plus 24% of the excess over $165,000 S64, 179 plus 32% of the excess over $315,000 $91,379 plus 35% of the excess over $400,000 $161,379 plus 37% of the excess over $600,000

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