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Leonardo, who is married but files separately, earns $170,000 of taxable income. He also has $14,750 in city of Tulsa bonds. His wife, Theresa, earns

Leonardo, who is married but files separately, earns $170,000 of taxable income. He also has $14,750 in city of Tulsa bonds. His wife, Theresa, earns $82,000 of taxable income.

If Leonardo nd his wife file married filing jointly in 2018, what would be their average tax rate? (Use tax rate schedule)

Multiple Choice

None of the choices are correct.

15.72%

25.72%

19.47%

17.84%

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