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

Question 68

Multiple Choice

Leonardo, who is married but files separately, earns $80,000 of taxable income. He also has76) $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 2017, his marginal tax rate on the deductions would be: (Use tax rate schedule.)


A) 28.00%
B) 25.35%
C) 16.37%
D) 25.00%
E) None of the choices are correct.

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