Cole, an unmarried individual with no dependents, has the following income items:

Interest income

$$24,300$

Schedule $C$ net profit

$51,240$

Cole has $$9,350$ itemized deductions and the Schedule $C$ income is qualified business income $($non$-$service$).$

Required:

Compute Cole's income tax. Assume the taxable year is $2023.$ Use Individual Tax Rate Schedules and Standard Deduction Table.

Note: Round your intermediate calculations and final answers to the nearest whole dollar amount.

Answer is complete but not entirely correct.

Single $13,850$

Over $$44,725$ but not over $$95,375$ $$5,147\mathrm{.}00+22\%$ of excess over $$44,725$