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Leonardo, who is married but files separately, earns $84,400 of taxable income. He also has $19,400 in city of Tulsa bonds. His wife, Theresa,
Leonardo, who is married but files separately, earns $84,400 of taxable income. He also has $19,400 in city of Tulsa bonds. His wife, Theresa, earns $54,400 of taxable income. If Leonardo earned an additional $34,400 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 14.24 percent 24.00 percent 23.73 percent None of the choices are correct.
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