5) Use the 2016 Marginal Tax Rates to answer questions 5&6 Tax Rate 10% 15% 25% Single up to $9275 $9276 to $37,650 $37,651 to $91,150 $91,151 to $190,150 $190,151 to $413,350 $413.351 to $415.050 more than $415,050 Married Filing Separately up to $9275 $9276 to $37,650 $37,651 to $75,950 $75.951 to $115,725 $115,726 to $206,675 $206,676 to 5233,475 more than $233.475 Married Filing Jointly up to $18,550 $18.551 to $75,300 $75,301 to $151.900 $151.901 to $231,450 $231,451 to 5413,350 $413.351 to $466,950 more than $466,950 Head of Household up to $13.250 $13.251 to $50.400 $50,401 to $130,150 $130,151 to $210,800 $210,801 to $413.350 $413,351 to $441,000 more than $441,000 28% 33% 35% 39.6% Standard Deduction Exemptions (per person) 56300 $6300 $12.00 59300 $4050 $4050 $4050 00 A single woman carned $47,800, received $2800 in interest from a savings account and contribued S$200 to a tax deferred retirement plan. She was entitled to a personal exemption of S4050 and a standard deduction of $6300. The interest on her home mortgage was $9000, she contribued S 1700 to charity and she paid $1250 in state taxes. a. Find her gross income b. Find her adjusted gross income c. Find her taxable income d. Find her tax owed 6) Use the 2016 marginal tax rates (above) to answer the question What is the tax owed for a single man with a taxable income of $144,000? 5) Use the 2016 Marginal Tax Rates to answer questions 5&6 Tax Rate 10% 15% 25% Single up to $9275 $9276 to $37,650 $37,651 to $91,150 $91,151 to $190,150 $190,151 to $413,350 $413.351 to $415.050 more than $415,050 Married Filing Separately up to $9275 $9276 to $37,650 $37,651 to $75,950 $75.951 to $115,725 $115,726 to $206,675 $206,676 to 5233,475 more than $233.475 Married Filing Jointly up to $18,550 $18.551 to $75,300 $75,301 to $151.900 $151.901 to $231,450 $231,451 to 5413,350 $413.351 to $466,950 more than $466,950 Head of Household up to $13.250 $13.251 to $50.400 $50,401 to $130,150 $130,151 to $210,800 $210,801 to $413.350 $413,351 to $441,000 more than $441,000 28% 33% 35% 39.6% Standard Deduction Exemptions (per person) 56300 $6300 $12.00 59300 $4050 $4050 $4050 00 A single woman carned $47,800, received $2800 in interest from a savings account and contribued S$200 to a tax deferred retirement plan. She was entitled to a personal exemption of S4050 and a standard deduction of $6300. The interest on her home mortgage was $9000, she contribued S 1700 to charity and she paid $1250 in state taxes. a. Find her gross income b. Find her adjusted gross income c. Find her taxable income d. Find her tax owed 6) Use the 2016 marginal tax rates (above) to answer the question What is the tax owed for a single man with a taxable income of $144,000