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 has $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 2020, his marginal tax rate on the deductions would be: (Use tax rate schedule.) (Round your final answer to two decimal places.)

• A)12.00 percent
• B)23.62 percent
• C)22.00 percent
• D)24.00 percent
• E)None of the choices are correct

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