Consider the following information concerning federal taxes for 2017

Assume the federal standard deduction is $6300 and the federal personal exemption is $4500. Determine how much Cindy owes in federal taxes if she is single and earns $48,101 per year.

A. $7764.00

B. $8902.20

C. $6811.90

D. $9439.50

E. $5128.90

Single Taxable Income Brackets and Rates, 2017 Rate Taxable Income Bracket Tax Owed 10% $0 to $9,325 10% of Taxable income 15% $9,325 to $37,950 $932.50 plus 15% of the excess over $9325 25% $37,950 to $91,900 $5,226.25 plus 25% of the excess over $37,950 28% $91,900 to $191,650 $18,713.75 plus 28% of the excess over $91,900 33% $191,650 to $416,700 $46,643.75 plus 33% of the excess over $191,650 $416,700 to $418,400 $120,910.25 plus 35% of the excess over $416,700 39.60% $418,400+ $121,505.25 plus 39.6% of the excess over $418,400 35%