$2018$ Individual Tax Rates

Single Individuals

Standard deduction for individual: $$12,000$ Quantitative Problem: Jenna is a single taxpayer. During $2018,$ she earned wages of $$122,000.$ She doesn't itemize deductions, so she will take the standard deduction to calculate $2018$ taxable income. In addition, during the year she sold common stock that she had owned for five years for a net profit of $$4,200.$ How much does Jenna owe to the IRS for taxes? Do not round intermediate calculations. Round your answer to the nearest cent.