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10) Leonardo, who is married but files separately, earns $82,600 of taxable income. He also has $17,600 in city of Tulsa bonds. His wife, Theresa,
10) Leonardo, who is married but files separately, earns $82,600 of taxable income. He also has $17,600 in city of Tulsa bonds. His wife, Theresa, earns $52,600 of taxable income. If Leonardo earned an additional $32,600 of taxable income this year, what would be the marginal tax rate on the extra income for 2022? (Use tax rate schedule.) Note: Do not round intermediate calculations. Round your final answer to two decimal places. A) 22.00 percent B) 14.11 percent C) 24.00 percent D) 23.60 percent E) None of the choices are correct. 10) 11) Leonardo, who is married but files separately, earns $60,500 of taxable income. He also has $15,400 in city of Tulsa bonds. His wife, Theresa, earns $50,400 of taxable income. If Leonardo and his wife file married filing jointly in 2022, what would be their average tax rate? (Use tax rate schedule.) Note: Round your final answer to two decimal places. A) 12.00 percent B) 22.00 percent C) 14.10 percent D) 18.10 percent E) None of the choices are correct. 11)
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