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TB MC Qu . 0 1 - 7 7 ( Algo ) Leonardo, who is married... Leonardo, who is married but files separately, earns $

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TB MC Qu.01-77(Algo) Leonardo, who is married...
Leonardo, who is married but files separately, earns $68,500 of taxable income. He also has $18,600 in city of Tulsa bonds. His wife, Theresa, earns $53,600 of taxable income.
If Leonardo and his wife file married filing jointly in 2022, what would be their average tax rate? (Use tax rate schedule.)
Note: Round your final answer to two decimal places.
Multiple Choice
12.00 percent
22.00 percent
14.82 percent
18.82 percent
None of the choices are correct.
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