Primera Prueba REPO Saved Help Save & Exit Submit 2 4 points 01.24.20 TB MC Qu. 01-78 (Algo) Leonardo, who is married... Leonardo, who is married but files separately, earns $62,000 of taxable income. He also has $16,000 in city of Tulsa bonds. His wife, Theresa, earns $51,000 of taxable income. If Leonardo and his wife are married filing jointly in 2021, what is Leonardo and Theresa's effective tax rate for 2021? (Useitax rate schedule. (Round your final answer to two decimal places.) References Mc Graw Hill Multiple Choice 12.00 percent 14.45 percent 18.23 percent 22.00 percent None of the choices are correct < Prev 4 of 22 Next > Sava Type here to search i Individuals Schedule X-Single If taxable income is over: But not over: $ 0 $ 9,950 $ 40,525 $ 86,375 $164,925 $ 209,425 $ 523,600 $ 9,950 $ 40,525 $ 86,375 $164,925 $209,425 $ 523,600 The tax is: 10% of taxable income $995 plus 12% of the excess over $9,950 $4,664 plus 22% of the excess over $40,525 $14,751 plus 24% of the excess over $86,375 $33,603 plus 32% of the excess over $164,925 $47,843 plus 35% of the excess over $209,425 $157,804 25 plus 37% of the excess over $523,600 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: $ 0 $ 19,900 $ 19,900 $ 81,050 $172,750 $329,850 $418,850 $ 81,050 $172,750 $329,850 $418,850 $628,300 $628,300 The tax is: 10% of taxable income $1,990 plus 12% of the excess over $19,900 $9,328 plus 22% of the excess over $81,050 $29,502 plus 24% of the excess over $172,750 $67,206 plus 32% of the excess over $329,850 $95,686 plus 35% of the excess over $418,850 $168,993.50 plus 37% of the excess over $628,300 Schedule Z-Head of Household If taxable income is over: But not over: $ 0 $ 54,200 $14,200 $ 86,350 $ 164,900 $ 209,400 $ 523,600 $ 14,200 $ 54,200 $ 86,350 $164,900 $209,400 $523,600 The tax is: 10% of taxable income $1,420 plus 12% of the excess over $14,200 $6,220 plus 22% of the excess over $54,200 $13,293 plus 24% of the excess over $86,350 $32,145 plus 32% of the excess over $164,900 $46,385 plus 35% of the excess over $209,400 $156,355 plus 37% of the excess over $523,600 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: S 0 $ 9,950 $ 40,525 $ 86,375 $ 9,950 $ 40,525 $ 86,375 $164,925 $209,425 $314,150 $164,925 $209,425 $314,150 Type here to search The tax is: 10% of taxable income $995 plus 12% of the excess over $ 9,950 $4,664 plus 22% of the excess over $40,525 $14,751 plus 24% of the excess over $86,375 $33,603 plus 32% of the excess over $164,925 $47,843 plus 35% of the excess over $209,425 $84.496.75 plus 37% of the excess over $314,150 Ei