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Leonardo, who is married but files separately, earns $153,000 of taxable income. He also has $23,000 in city of Tulsa bonds. His wife, Theresa, earns

Leonardo, who is married but files separately, earns $153,000 of taxable income. He also has $23,000 in city of Tulsa bonds. His wife, Theresa, earns $102,000 of taxable income.

How much money would Leonardo nd Theresa save if they file jointly instead of separately for year 2018? (Use tax rate schedule)

Multiple Choice

  • Nothing
  • $246.00
  • $737.25
  • $5,790.00
  • None of the choices are correct.

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