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Leonardo, Who Is Married but Files Separately,earns $80,000 of Taxable Income

Question 45

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 and his wife file married filing jointly in 2018,what would be their average tax rate (rounded) ? (Use tax rate schedule)


A) 12.00%
B) 22.00%
C) 15.75%
D) 14.12%
E) None of the choices are correct.

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