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

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.