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

question 109

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. What is Leonardo and Theresa's effective tax rate for year 2018 (rounded) ? (Use tax rate schedule) ".

• A)12.00%
• B)15.75%
• C)21.04%
• D)22.00%
• E)None of the choices are correct.

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Definitions:

Frequency Distribution

A Frequency Distribution is a statistical representation showing the number of observations within specified intervals or categories.

Scatter Plot

A graphical representation of data points on a two-dimensional plane, where each axis represents a different variable, used to observe relationships between variables.

Box-and-Whisker Plot

A graphical representation used in statistics to display the distribution of a dataset that shows the median, quartiles, and outliers.

STDEV.S(data range)

A statistical function that calculates the standard deviation for a sample set of data, measuring how much data points deviate from the mean.