Leonardo Earns $80,000 of Taxable Income

Multiple Choice

Leonardo earns $80,000 of taxable income. He also has $15,000 in city of Tulsa bonds. His 7w9i) fe, Theresa, earns $50,000 of taxable income.How much money would Leonardo and Theresa save if they file jointly instead of separately for year 2017? (Use tax rate schedule.)

A) $103.50
B) $5,932.50
C) $309.75
D) Nothing
E) None of the choices are correct.