Leonardo who is married but files separately earns 80000 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.

Required information

If Leonardo earned an additional $30,000 of taxable income this year, what would be the marginal tax rate (rounded) on the extra income for year 2015?

27.75%

17.50%

25.00%

28.00%

None of these

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Financial Management: Leonardo who is married but files separately earns 80000 of
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