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

question 45

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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 2018,what would be their average tax rate (rounded) ? (Use tax rate schedule)


Definitions:

Protonephridia

Protonephridia are excretory structures found in some invertebrates, such as flatworms, consisting of a network of dead-end tubules connected to external openings.

Flatworm

A group of simple, soft-bodied invertebrates that belong to the phylum Platyhelminthes, characterized by their flattened bodies and lack of specialized respiratory and circulatory systems.

Ammonia

A compound of nitrogen and hydrogen (NH3) that is a byproduct of the metabolism of animals and is used in various industrial processes.

Metanephridial Organs

Metanephridial organs are excretory structures in some invertebrates, including annelids, that filter fluid directly from the animal's body cavity.

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