Multiple Choice
Leonardo 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 and his wife file married filing jointly in 2017,what would be their average tax rate? (Use tax rate schedule in the text)
A) 15.00%
B) 25.00%
C) 18.44%
D) 23.47%
E) None of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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