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.What is Leonardo and Theresa's effective tax rate for year 2013 (rounded) ?
A) 15.00%
B) 19.67%
C) 21.42%
D) 28.00%
E) None of these
Correct Answer:
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