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1 Jorge and Anita, married taxpayers, earn $190,000 in taxable income and $25,000 in interest from an investment in City of Heflin bonds

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1 Jorge and Anita, married taxpayers, earn $190,000 in taxable income and $25,000 in interest from an investment in City of Heflin bonds. Using the U.S. tax rate schedule for married filing jointly, how much federal tax will they owe? What is their average tax rate? What is their effective tax rate? What is their current marginal tax rate? (Do not round intermediate calculations. Round your answers to 2 decimal places.) 

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Required information [The following information applies to the questions displayed below) Assume you are the president of High Power Corporation. At the end of the first year of operations (December 31. the following financial data for the company are available: Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Notes Payable Operating Expenses Other Expenses Sales Revenue Supplies $33,400 11,500 14,600 60,390 2,080 92,000 1,970 59,700 7,989 98,400 6,300 2-3. By how much did cash increase (decrease)? Increase in Cash