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. If Leonardo instead had $30,000 of additional tax deductions for 2020, his marginal tax rate on the deductions would be: (Use tax rate schedule.) (Round your final answer to two decimal places.)

A) 12.00 percent
B) 23.62 percent
C) 22.00 percent
D) 24.00 percent
E) None of the choices are correct