Leonardo, Who Is Married but Files Separately, Earns $80,000 of Taxable

question 56

Multiple Choice

Leonardo, who is married but files separately, earns $80,000 of taxable income.He also has $15,000 in city of Tulsa bonds.His wife, Theresa, earns $50,000 of taxable income. If Leonardo and his wife file married filing jointly in 2019, What is Leonardo and Theresa's effective tax rate for 2019 (rounded) ? (Use tax rate schedule.)

• A)12.00 percent
• B)15.63 percent
• C)21.04 percent
• D)22.00 percent
• E)None of the choices are correct

---

Definitions:

Free Will

The capacity of individuals to make choices that are not predetermined by past events, genetics, or environment.

Inflated Price

A price that is considered higher than the product's or service's true value, often due to market dynamics, scarcity, or manipulation.

Undue Influence

An improper or unfair persuasion that compels someone to act against their will, often impacting the validity of contracts and wills.

Guardian

A legally appointed protector who is responsible for the personal and property interests of another individual, known as a ward.