Leonardo, who is married but files separately, earns $180,000 of taxable income. He also has $15,500 in city of Tulsa bonds. His wife, Theresa, earns $51,000 of taxable income. If Leonardo instead had $89,000 of additional tax deductions for year 2018, his marginal tax rate on the deductions would be: (Use tax rate schedule)

Multiple Choice

16.02%

17.90%

26.02%

20.39%

None of the choices are correct.

2018 Tax Rate Schedules 2018 Tax Rate Schedules