1) Use the table below for problem 1. Marginal Tax Rate Single Married Filing Jointly or Qualified Widowler) a) (4 points) Suppose Amber is a single woman who has a taxable income of $94,000 per year. Use the table above to calculate Amber's Federal taxes for the year. Show all work/calculations. 10% $0 - $8,450 $0-$17,850 15% $8,451 - $34,850 $17,851 - $72,500 >b) (1 point) What is Amber's effective tax rate? 25% $34,851 - $89,230 $72,501 - 9146,400 28% $89,231 - $183,250 $146,401 - $223,050 deral Toucesor the 33% $183,251 - $398,350 $223,051 - $398,350 b) tax amount no 35% $398,351 - $400,000 $398,351 - $450,000 gross income x 100 =% 39.6% $400,001+ $450,001+ 2) (5 points) Bob invests $280 per month into an account that gives 4.2% annual interest, how much will Bob have in the account after 25 years? Solve the problem by hand using the appropriate formula. and show all work. 3) (5 points) i invest a large sum of money into an account that gives 6.1% annual interest compounded monthly. I leave the money in the account for 30 years. At the end of the 30 years I now has $720,600. How much did I originally invest? Solve the problem by hand using the appropriate formula, and show all work. 4) I find a house that is selling for $295,000. The bank offers me a 3.9% APR for the 30-year loan. a) (3 points) How much will my mortgage payment be each month? Solve the problem by hand using the appropriate formula, and show all work. b) (2 points) If the house also has $14,000 of property taxes each year, then how much will I need to budget for the mortgage + property taxes each month? Show all work