Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an investm… 1 answer below »

Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. (Use the U.S tax rate schedule below the problem..) (Do not round intermediate calculations. Round “Federal tax” to 2 decimal places.)

Required:

How much federal tax will he owe?

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What is his average tax rate?

What is his effective tax rate?

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