Leonardo Earns $80,000 of Taxable Income

question 5

Multiple Choice

Leonardo 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 Susie earns $750,000 in taxable income and files as head of household for year 2016, what is Susie's average tax rate (rounded) ?

• A) 33.11%
• B) 33.78%
• C) 35.00%
• D) 39.60%
• E) None of these

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