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TB MC Qu. 01-76 (Algo) Leonardo, who is married but files separately, earns... Leonardo, who is married but files separately, earns $85,400 of taxable
TB MC Qu. 01-76 (Algo) Leonardo, who is married but files separately, earns... Leonardo, who is married but files separately, earns $85,400 of taxable income. He also has $19,600 in city of Tulsa bonds. His wife, Theresa, earns $54,600 of taxable income. If Leonardo instead had $32,300 of additional tax deductions for 2021, his marginal tax rate on the deductions would be: (Use tax rate schedule.) (Round your final answer to two decimal places.)
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