Leonardo, who is married but files separately, earns $147,250 of taxable income. He also has...
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Accounting
Leonardo, who is married but files separately, earns $147,250 of taxable income. He also has $16,250 in city of Tulsa bonds. His wife, Theresa, earns $84,250 of taxable income. How much money would Leonardo and Theresa save if they file jointly instead of separately for year 2018? (Use tax rate schedule)
Multiple Choice
Nothing
$194.70
$583.35
$5,841.30
None of the choices are correct.
2018 Tax Rate Schedules
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