Leonardo, who is married but files separately, earns $62,000 of taxable income. He also has $16,000 in city of Tulsa bonds. His wife, Theresa, earns $51,000 of taxable income. How much money would Leonardo and Theresa save if they file jointly instead of separately for 2020? (Use tax rate schedule.)
A)Nothing
B)$132.00
C)$395.25
D)$9,840.00
E)None of the choices are correct

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The Answer of Leonardo, who is married but files separately, earns $62,000 of taxable income. He also has $16,000 in city of Tulsa bonds. His wife, Theresa, earns $51,000 of taxable income. How much money would Leonardo and Theresa save if they file jointly instead of separately for 2020? (Use tax rate schedule.)
A)Nothing
B)$132.00
C)$395.25
D)$9,840.00
E)None of the choices are correct

Leonardo, Who Is Married but Files Separately, Earns $62,000 of Taxable