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

question 22

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 2020, what would be their average tax rate? (Use tax rate schedule.) (Round your final answer to two decimal places.)

• A)12.00 percent
• B)22.00 percent
• C)15.52 percent
• D)22.57 percent
• E)None of the choices are correct

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Definitions:

Optic Nerves

The paired nerves that transmit visual information from the retina to the brain.

Optic Chiasm

The part of the brain where the optic nerves partially cross, involved in the visual processing system.

Visual Cortex

The region of the brain that processes visual information, located in the occipital lobe, responsible for interpreting input from the eyes and turning it into visual perception.

Temporal Lobe

is a region of the brain that plays a key role in processing auditory information and is involved in the formation of memories.