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Leonardo, who is married but files separately, earns $170,000 of taxable income. He also has $22,250 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 $22,250 in city of Tulsa bonds. His wife, Theresa, earns $64,500 of taxable income. If Leonardo instead had $90,500 of additional tax deductions for year 2018, his marginal tax rate on the deductions would be: (Use tax rate schedule) Multiple Choice 15.04% 16.92% 25.04% 19.41% None of the choices are correct.
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