Individuals

Schedule X$-$Single

Schedule Y$-1-$Married Filing Jointly or Qualifying surviving spouse

Schedule Z$-$Head of Household

Schedule Y$-2-$Married Filing SeparatelyLeonardo, who is married but files separately, earns $$80,000$ of taxable income. He also has $$15,000$ in city of Tulsa bonds. His wife, Theresa, earns $$50,000$ of taxable income.

If Leonardo and his wife are married filing jointly in $2023,$ what is Leonardo and Theresa's effective tax rate for $2023?($Use tax rate schedule$)$

Note: Round your final answer to two decimal places.

Group of answer choices

$12\mathrm{.}00$ percent

$16\mathrm{.}96$ percent

$19\mathrm{.}26$ percent

$22\mathrm{.}00$ percent

None of the choices are correct.