Leonardo, who is married but files separately, earns $$85,000$ of taxable income. He also has $$17,000$ in city of Tulsa bonds. His wife, Theresa, earns $$52,000$ of taxable income.

If Leonardo instead had $$31,000$ of additional tax deductions for $2023,$ his marginal tax rate on the deductions would be:

Answer rating: 100% (QA)

To determine Leonardos marginal tax rate on the additional deductions we first need to calculate his ... View the full answer