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

question 69

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 year 2018,his marginal tax rate (rounded) on the deductions would be: (Use tax rate schedule)

• A)12.00%
• B)13.88%
• C)22.00%
• D)16.37%
• E)None of the choices are correct.

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