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Leonardo, who is married but files separately, earns $71,000 of taxable income. He also has $19,600 in city of Tulsa bonds. His wife, Theresa, earns

Leonardo, who is married but files separately, earns $71,000 of taxable income. He also has $19,600 in city of Tulsa bonds. His wife, Theresa, earns $54,600 of taxable income.

How much money would Leonardo and Theresa save if they file jointly instead of separately for 2022? (Use tax rate schedule.)

Multiple Choice

Nothing

$234.60

$703.05

$12,266.00

None of the choices are correct.image text in transcribed

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