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Leonardo, who is married but files separately, earns $100,000 of taxable income. He also has $9,500 in city of Tulsa bonds. His wife, Theresa, earns
Leonardo, who is married but files separately, earns $100,000 of taxable income. He also has $9,500 in city of Tulsa bonds. His wife, Theresa, earns $39,000 of taxable income.
If Leonardo earned an additional $31,000 of taxable income this year, what would be the marginal tax rate on the extra income for 2019? (Use tax rate schedules)
24.00 percent | ||
19.09 percent | ||
24.28 percent | ||
None of the choices are correct | ||
22.28 percent |
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