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Leonardo Earns $80,000 of Taxable Income

Question 106

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. How much money would Leonardo and Theresa save if they file jointly instead of separately for year 2016?


A) Nothing
B) $121.50
C) $309.75
D) $5,927.50
E) None of these

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