Leonardo,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. What is Leonardo and Theresa's effective tax rate for year 2018 (rounded)? (Use tax rate schedule)".
A)12.00%
B)15.75%
C)21.04%
D)22.00%
E)None of the choices are correct.

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The Answer of Leonardo,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. What is Leonardo and Theresa's effective tax rate for year 2018 (rounded)? (Use tax rate schedule)".
A)12.00%
B)15.75%
C)21.04%
D)22.00%
E)None of the choices are correct.

Leonardo,who Is Married but Files Separately,earns $80,000 of Taxable Income