Leonardo, who is married but files separately, earns $81,400 of taxable income. He also has $16,400 in city of Tulsa bonds. His wife, Theresa, earns $51,400 of taxable income. If Leonardo earned an additional $31,400 of taxable income this year, what would be the marginal tax rate on the extra income for 2023? (Use tax rate schedule.)

Note: Do not round intermediate calculations. Round your final answer to two decimal places.

A) 22.00 %

B) 14.04 %

C) 24.00 %

D) 23.11 %

E) None of the choices are correct