Leonardo 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. How much money would Leonardo and Theresa save if they file jointly instead of separately for year 2017? (Use tax rate schedule in the text)
A) Nothing
B) $103.50
C) $309.75
D) $5,932.50
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 wife,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 in the text)
A) Nothing
B) $103.50
C) $309.75
D) $5,932.50
E) None of the choices are correct.

Leonardo Earns $80,000 of Taxable Income