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 year 2017? (Tax rate schedules)

Multiple Choice

30.31%

None of the choices are correct.

27.31%

19.81%

30.06%