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ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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
Transcribed Image Text:Leonardo, who is married but files separately, earns $105,000 of taxable income. He also has
$11,000 in city of Tulsa bonds. His wife, Theresa, earns $62,000 of taxable income.
If Leonardo and his wife file married filing jointly in 2019, what would be their average tax
rate? (Use tax rate schedule)
17.04 percent
None of the choices are correct
13.41 percent
23.41 percent
20.11 percent
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