inter 2020 > Assessment und Finance (Bonus) ent is past the original due date of Wed 02/12/2020 11:59 pm. You were granted an extension. Due Thu 03/05/2020 10:00 am Rajesh is filing single and he has an adjusted gross income (AGI) of $86,000 for the 2018 tax year. He qualifies for the standard deduction of $12,000. Use the following 2018 Federal tax rate schedule (taken from https://www.tiaa.org/public/pdf/Tax_Guide.pdf) to calculate his 2018 Federal income tax. If your filing status is single; your tax is: and taxable income is more than: $0 $9,525 over: $9,525 $38,700 $38,700 $82,500 $82,500 $157,500 10% OF the taxable income $952.50 plus 12% of the excess over $9,525 $4,453.50 plus 22% of the excess over $38,700 $14,089.50 plus 24% of the excess over $82,500 $32,089.50 plus 32% of the excess over $157,500 $45,689.50 plus 35% of the excess over $200,000 $150,689.50 plus 37% OF THE AMOUNT OVER $500,000 $157,500 $200,000 $200,000 $500,000 $500,000 Rajesh's 2018 tax is: $( (Round to the nearest dollar.) What is Rajesh's effective tax rate? [Tax paid divided by taxable income