a$.$ Determine the person$\text{'}$s taxable income. Assume the standard deduction. Tashay is single, with an adjusted gross income of $$115,000.$ Use the given tax table to complete parts $($a$)$ through $($d$).$ Tashay is single, with an adjusted gross income of $$115,000.$ Use the given tax table to complete parts $($a$)$ through $($d$).$

a$.$ Determine the person's taxable income. Assume the standard deduction.

The taxable income is $$102,450.$

$($Simplify your answer.$)$

b$.$ Compute the tax owed.

The tax owed is $

$($Round to the nearest dollar as needed.$)$

c$.$ State the person's marginal tax rate $($tax bracket$)$; then calculate the effective tax rate as a percentage of taxable income.

Tashay is in the

The taxable income is $$$

$$

$102,450.$

$($Simplify your$$ answer.$)$

Part $2$

b$.$ Compute the tax owed.

The tax owed is $$$

$$

enter your response here.

$($Round to the nearest dollar as$$ needed.$)$

Part $3$

c$.$ State the person$\text{'}$s marginal tax rate$($tax bracket$)$; then calculate the effective tax rate as a percentage of taxable income.

Tashay is in the

$$

$10\%$

$22\%$

$24\%$

$12\%$

$35\%$

$37\%$

$32\%$

tax bracket.

Part $4$

The effective tax rate based on taxable income is

$$

enter your response here$\%.$

$($Round to one decimal place as$$ needed.$)$

Part $5$

d$.$ Calculate the effective tax rate as a percentage of adjusted gross$$ income, and comment on why it differs from what you found in part$($c$).$

The effective tax rate based on adjusted gross income is

$$

enter your response here$\%.$

$($Round to one decimal place as$$ needed.$)$

Part $6$

The tax rate based on the adjusted gross income is

lower

than the tax rate based on the taxable income because the adjusted gross income is

larger

than the taxable income.