Leonardo, who is married but files separately, earns $$80,000$ of taxable income. He also has $$15,000$ in city of Tulsa bonds. His wife, Theresa, earns $$50,000$ of taxable income.

If Leonardo and his wife are married filing jointly in $2023,$ what is Leonardo and Theresa's effective tax rate for $2023?($Use tax rate Schedule.$)$ Note: Round your final answer to two decimal places.

Multiple Choice

$12\mathrm{.}00$ percent

$16\mathrm{.}96$ percent

$19\mathrm{.}26$ percent

$22\mathrm{.}00$ percent

None of the choices are correct.

Individuals

Schedule X$-$Single

$\backslash$table$[[$If taxable income is over:,But not over:,The tax is:$],[$$$10,$$$11,000,10\%$ of taxable income$],[$$$11,000,$$$44,725,$$$1,100$ plus $12\%$ of the excess over $$11,000$