23) Leonardo, who is married but files separately, earns $69,000 of taxable income. He also has $18,800 in city of Tulsa bonds. His wife, Theresa, earns $53,800 of taxable income. How much money would Leonardo and Theresa save if they file jointly instead of separately for 2020? (Use tax rate schedule.)

Multiple Choice

• Nothing

• $211.80

• $634.65

• $11,996.00

• None of the choices are correct