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Leonardo, who is married but files separately, earns $ 8 0 , 0 0 0 of taxable income. He also has $ 1 5 ,
Leonardo, who is married but files separately, earns $ of taxable income. He also has $ in city of Tulsa bonds. His wife, Theresa, earns $ of taxable income.
If Leonardo earned an additional $ of taxable income this year, what would be the marginal tax rate on the extra income for Use tax rate schedule.
Note: Do not round intermediate calculations. Round your final answer to two decimal places.
Multiple Choice
percent
percent
percent
percent
None of the choices are correct. Schedule YMarried Filing Jointly or Qualifying surviving spouse
tableIf taxable income is over:,But not over:,The tax is:$$ of taxable income$$$ plus of the excess over $$$$ plus of the excess over $$$$ plus of the excess over $$$$ plus of the excess over $$$$ plus of the excess over $$$ plus of the excess over $
Schedule ZHead of Household
tableIf taxable income is over:,But not over:,The tax is:$$ of taxable income$$$ plus of the excess over $$$$ plus of the excess over $$$$ plus of the excess over $$$$ plus of the excess over $$$$ plus of the excess over $$$ plus of the excess over $
Schedule YMarried Filing Separately
tableIf taxable income is over:,But not over:,The tax is:$$ of taxable income$$$ plus of the excess over $$$$ plus of the excess over $$$$ plus of the excess over $$$$ plus of the excess over $$$$ plus of the excess over $$$ plus of the excess over $
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