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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
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 2022? (Use tax rate schedule.)
Note: Do not round intermediate calculations. Round your final answer to two decimal places.
Multiple Choice
22.00 percent
14.14 percent
24.00 percent
23.63 percent
None of the choices are correct.
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