Leonardo, Who Is Married but Files Separately, Earns $65,500 of Taxable

Multiple Choice

Leonardo, who is married but files separately, earns $65,500 of taxable income. He also has $17,400 in city of Tulsa bonds. His wife, Theresa, earns $52,400 of taxable income. How much money would Leonardo and Theresa save if they file jointly instead of separately for 2020? (Use tax rate schedule.)

A) Nothing
B) $171.90
C) $514.95
D) $10,918.00
E) None of the choices are correct