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Leonardo, who is married but files separately, earns $84,400 of taxable income. He also has $19,200 in city of Tulsa bonds. His wife, Theresa, earns
Leonardo, who is married but files separately, earns $84,400 of taxable income. He also has $19,200 in city of Tulsa bonds. His wife, Theresa, earns $54,200 of taxable income.
If Leonardo instead had $32,100 of additional tax deductions for 2023, his marginal tax rate on the deductions would be: (Use tax rate schedule.)
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