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. What is Leonardo and Theresa's effective tax rate for year 2018 (rounded) ? (Use tax rate schedule) ".
A) 12.00%
B) 15.75%
C) 21.04%
D) 22.00%
E) None of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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