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

question 68

Multiple Choice

Leonardo, who is married but files separately, earns $80,000 of taxable income. He also has76) $15,000 in city of Tulsa bonds. His wife, Theresa, earns $50,000 of taxable income.If Leonardo instead had $30,000 of additional tax deductions for year 2017, his marginal tax rate on the deductions would be: (Use tax rate schedule.)

• A) 28.00%
• B) 25.35%
• C) 16.37%
• D) 25.00%
• E) None of the choices are correct.

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Definitions:

Narrower Spans of Control

Organizational structure where a manager supervises a small number of subordinates, leading to closer supervision and more direct manager-employee interaction.

Standardization

The process of implementing and developing technical standards to ensure consistency and compatibility within processes, products, or services.

Chain of Command

The hierarchy within an organization that establishes who is in command of whom and the proper channels for communication and orders.

Organic Type

describes organizations that are flexible, adaptive, and characterized by less formal rules and decentralized decision-making.