Leonardo earns $80,000 of taxable income. He also has $15,000 in city of Tulsa bonds. His 7w9i)fe, Theresa, earns $50,000 of taxable income.How much money would Leonardo and Theresa save if they file jointly instead of separately for year 2017? (Use tax rate schedule.)
A) $103.50
B) $5,932.50
C) $309.75
D) Nothing
E) None of the choices are correct.

Question

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The Answer of Leonardo earns $80,000 of taxable income. He also has $15,000 in city of Tulsa bonds. His 7w9i)fe, Theresa, earns $50,000 of taxable income.How much money would Leonardo and Theresa save if they file jointly instead of separately for year 2017? (Use tax rate schedule.)
A) $103.50
B) $5,932.50
C) $309.75
D) Nothing
E) None of the choices are correct.

Leonardo Earns $80,000 of Taxable Income