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Consider the actual federal income tax brackets for single filers in 2 0 2 1 presented below Imagine Mr . Jones, a professor at the

Consider the actual federal income tax brackets for single filers in 2021 presented below Imagine Mr. Jones, a professor at the Maurer School of Law, will earn $180,000 in 2021(this is his total income). He will contribute $10,000 to the Individual Retirement Account (IRA), so his adjusted gross income will be $170,000. He will not use itemized deductions but instead will claim a standard deduction of $12,400. You can assume he will not claim any other exemptions or tax credits. What will be Mr. Jones' taxable income?
Group of answer choices
$167,600
$170,000
$147,600
$157,600
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