Leonardo, who is married but files separately, earns $65,500 of taxable income. He also has $17,400 in city of Tulsa bonds. His wife, Theresa, earns $52,400 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)$171.90
C)$514.95
D)$10,918.00
E)None of the choices are correct

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The Answer of Leonardo, who is married but files separately, earns $65,500 of taxable income. He also has $17,400 in city of Tulsa bonds. His wife, Theresa, earns $52,400 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)$171.90
C)$514.95
D)$10,918.00
E)None of the choices are correct

Leonardo, Who Is Married but Files Separately, Earns $65,500 of Taxable