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 year 2017,his marginal tax rate on the deductions would be: (Use tax rate schedule in the text)
A) 28.00%
B) 25.00%
C) 25.35%
D) 16.37%
E) None of the choices are correct.
Correct Answer:

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Correct Answer:
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