In 2016, a single person had a taxable income of $62,475. In that tax year, personal exemptions were $4,050 and the standard deduction was $6,300. Assume this person had itemized deductions totaling $5,900 and was not eligible for any credits. Single Taxale Income $0-$9,275 $9,276 - $37,650 $37,651 - $91,150 $91,151 - $190,150 $190,151 - $413,350 $413,351 - $415,050 $415,051 or more Tax Rate 10% 15% 25% 28% 33% 35% 39.6% a) Calculate the tax liability. Show all work and box your final answer. b) What is this couple's adjusted gross income (AGI)? c) Calculate, compare, and comment on the marginal tax rate, the average tax rate, and the effective tax rate