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. What is Leonardo and Theresa's effective tax rate for year 2016 (rounded) ?
A) 15.00%
B) 18.53%
C) 21.11%
D) 28.00%
E) None of these
Correct Answer:
Verified
Correct Answer:
Verified
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