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A single woman with a taxable income of $68,000What is the tax owed? Use the 2016 marginal tax rates to compute the tax owed by

A single woman with a taxable income of $68,000What is the tax owed?

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Use the 2016 marginal tax rates to compute the tax owed by the following person. A single woman with a taxable income of $68,000 Click the icon to view the 2016 marginal tax rates. The tax owed is $ (Type an integer or a decimal. Round to the nearest cent as needed.) - X 2016 Marginal Tax Rates 2016 Marginal Tax Rates, Standard Deductions, and Exemptions Unmarried, divorced, Married and each partner Married and both Unmarried and paying or legally separated files a separate tax return partners file a single more than half the cost tax return of supporting a child or parent Tax Rate Single Married Filing Separately Married Filing Jointly Head of Household 10% up to $9275 up to $9275 up to $18,550 up to $13,250 15% $9276 to $37,650 $9276 to $37,650 $18,551 to $75,300 $13,251 to $50,400 25% $37,651 to $91, 150 $37,651 to $75,950 $75,301 to $151,900 $50,401 to $130, 150 28% $91, 151 to $190, 150 $75,951 to $115,725 $151,901 to $231,450 $130, 151 to $210,800 33% $190, 151 to $413,350 $115,726 to $206,675 $231,451 to $413,350 $210,801 to $413,350 35% $413,351 to $415,050 $206,676 to $233,475 $413,351 to $466,950 $413,351 to $441,000 39.6% more than $415,050 more than $233,475 more than $466,950 more than $441,000 Standard $6300 $6300 $12,600 $9300 Deduction Exemptions (per $4050 $4050 $4050 $4050 person)

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