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Leonardo, Who Is Married but Files Separately, Earns $80,000 of Taxable

Question 96

Multiple Choice

Leonardo, who is married but files separately, earns $80,000 of taxable income. He also has75) $15,000 in city of Tulsa bonds. His wife, Theresa, earns $50,000 of taxable income.If Leonardo earned an additional $30,000 of taxable income this year, what would be the marginal tax rate on the extra income for year 2017? (Use tax rate schedule.)


A) 25.00%
B) 17.50%
C) 28.00%
D) 27.75%
E) None of the choices are correct.

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