Leonardo, who is married but files separately, earns $170,000 of taxable income. He also has $14,750 in city of Tulsa bonds. His wife, Theresa, earns $82,000 of taxable income. If Leonardo and his wife file married filing jointly in 2018, what would be their effect tax rate (rounded)?

Answer rating: 100% (QA)

To calculate the effective tax rate for Leonardo and Theresa we need to first determine their total ... View the full answer