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 earned an additional $30,000 of taxable income this year,what would be the marginal tax rate (rounded) on the extra income for year 2018? (Use tax rate schedule)
A) 22.00%
B) 18.81%
C) 24.00%
D) 23.83%
E) None of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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