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In: AccountingJorge and Anita, married taxpayers, earn $148,500 in taxableincome and $62,000 in interest from an...Jorge and Anita, married taxpayers, earn $148,500 in taxableincome and $62,000 in interest from an investment in City of Heflinbonds. (Use the U.S. tax rate schedule). (Do not round intermediatecalculations. Round your answers to 2 decimal places.)a.If Jorge and Anita earn an additional $111,000 of taxableincome, what is their marginal tax rate on this income? b.What is their marginal rate if, instead, they reported anadditional $111,000 in deductions?
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