Leonardo, who is married but files separately, earns $60,500 of taxable income. He also has $15,400 in city of Tulsa bonds. His wife, Theresa, earns $50,400 of taxable income. If Leonardo and his wife file married filing jointly in 2021, what would be their average tax rate?

• 12.00 percent

• 22.00 percent

• 14.33 percent

• 18.34 percent

• None of the choices are correct.