Leonardo, who is married but files separately, earns $105,000 of taxable income. He also F $11,000 in city of Tulsa bonds. His wife, Theresa, earns $62,000 of taxable income. If Leonardo and his wife file married filing jointly in 2019, what would be their average tax rate? (Use tax rate schedule) 17.04 percent

Leonardo, who is married but files separately, earns $105,000 of taxable income. He also F $11,000 in city of Tulsa bonds. His wife, Theresa, earns $62,000 of taxable income. If Leonardo and his wife file married filing jointly in 2019, what would be their average tax rate? (Use tax rate schedule) 17.04 percent

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter11: Fiscal Policy

Section: Chapter Questions

Problem 10E

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