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Leonardo, who is married but files separately, earns $65,500 of taxable income. He also has $17,400 in city of Tulsa bonds. His wife, Theresa, earns
Leonardo, who is married but files separately, earns $65,500 of taxable income. He also has $17,400 in city of Tulsa bonds. His wife, Theresa, earns $52,400 of taxable income. If Leonardo and his wife file married filing jointly in 2023 , what would be their average tax rate? (Use Note: Round your final answer to two decimal places. Multiple Choice 12.00 percent 22.00 percent 14.04 percent 18.18 percent None of the choices are correct. Leonardo, who is married but files separately, earns $83,000 of taxable income. He also has $18,000 in city of Tulsa bonds. His wife, Theresa, earns $53,000 of taxable income. If Leonardo earned an additional $33,000 of taxable income this year, what would be the marginal tax rate on the extra income for 2023 ? (Use Note: Do not round intermediate calculations. Round your final answer to two decimal places. Multiple Choice 22.00 percent 14.18 percent 24.00 percent 23.25 percent None of the choices are correct. 2023 Tax Rate Schedules Individuals Schedule X-Single
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