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QUESTION
Married Filing Jointly and Surviving Spouses Taxable Income Up to $19,050 Over $19,050 but not over $77,400 Over $77,400 but not over $165,000 Over
- Leonard and Marie Hofstadter are married filing jointly taxpayers that expects to earn taxable income of $164,500 in 2018 before considering an investment in $20,000 in either City of San Diego bonds that pay 5.37% or in Qualcomm bonds that pay 7% for the entire of 2018. The bonds have the same non-tax characteristics. What is the preferred investment option (use table pack)?
