Bob and Linda are married and have a 2013 taxable income of $280,000.They also received $20,000 of tax-exempt income.Their marginal tax rate is:

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Based on the 2013 tax brackets for married couples, their taxable income falls into the 33% tax bracket. Adding back the $20,000 of tax-exempt income, their total income is $300,000. According to the tax bracket, the marginal tax rate is 33.0% for income over $450,000.

Bob and Linda Are Married and Have a 2013 Taxable