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Leonardo, who is married but files separately, earns $83,400 of taxable income. He also has $18,400 in city of Tulsa bonds. His wife, Theresa, earns
Leonardo, who is married but files separately, earns $83,400 of taxable income. He also has $18,400 in city of Tulsa bonds. His wife, Theresa, earns $53,400 of taxable income. If Leonardo earned an additional $33,400 of taxable income this year, what would be the marginal tax rate on the extra income for 20207 (Use tax rate schedule) (Round your final answer to two decimal places.) Multiple Choice 22.24 percent 19.05 percent 24 24 percent 23.87 percent None of the choices are correct
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