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# Leonardo, who is married but files separately, earns $80,000 of taxable income. He also has$15,000...

###### Question:

Leonardo, who is married but files separately, earns $80,000 of taxable income. He also has$15,000 in city of Tulsa bonds. His wife, Theresa, earns $50,000 of taxable income. if Leonardo and his wife file married filing jointly in 2019, What is Leonardo and Theresa's effective tax rate for 2019 (rounded)? (Use tax rate schedule.) 2019 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is:$ 0 $9,700 10% of taxable income$ 9,700 $39,475$970 plus 12% of the excess over $9,700$ 39,475 $84,200$4,543 plus 22% of the excess over $39,475$ 84,200 $160,725$14,382.50 plus 24% of the excess over $84,200$160,725 $204,100$32,748.50 plus 32% of the excess over $160,725$204,100 $510,300$46,628.50 plus 35% of the excess over $204,100$510,300 S153,798.50 plus 37% of the excess over $510,300 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is:$ 0 $19,400 10% of taxable income$ 19,400 $78,950$1,940 plus 12% of the excess over $19,400$ 78,950 $168,400$9,086 plus 22% of the excess over $78,950$168,400 $321,450$28.765 plus 24% of the excess over $168,400 S321,450 5408,200$65,497 plus 320 of the excess over S321,450 $408,200$612,350 593,257 plus 35% of the excess over $408,200 S612,350$164,709.50 plus 37% of the excess over $612,350 Schodu. 7 . Schedule Z-Head of Household If taxable income is over: But not over: The tax is:$ 0 $13,850 10% of taxable income$ 13,850 $52,850$1,385 plus 12% of the excess over $13,850$ 52,850 $84,200$6,065 plus 22% of the excess over $52,850$ 84,200 $160,700$12,962 plus 24% of the excess over $84,200$160,700 $204,100$31,322 plus 32% of the excess over $160,700$204,100 $510,300$45,210 plus 35% of the excess over $204,100$510,300 $152,380 plus 37% of the excess over$510,300 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: The tax is: $0$ 9,700 10% of taxable income $9,700$ 39,475 5970 plus 12% of the excess over $9,700$ 39,475 $84,200$4,543 plus 22% of the excess over $39,475$ 84,200 $160,725 S14,382.50 plus 24% of the excess over$84,200 $160,725$204,100 $32.748.50 plus 32% of the excess over$160.725 S204,100 $306,175 546.628.50 plus 35% of the excess over S204,100 S306,175 582,354.75 plus 37° of the excess over$306,175
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