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Jared determined the following tax information for his 2020 Tax Filings: Gross Salary: $170,000 Interest Earned: $7,000 IRA Contribution: $5,000 Standard Deduction: $12,400 Filing

 Jared determined the following tax information for his 2020 Tax Filings: Gross Salary: $170,000 Interest 

Jared determined the following tax information for his 2020 Tax Filings: Gross Salary: $170,000 Interest Earned: $7,000 IRA Contribution: $5,000 Standard Deduction: $12,400 Filing Single, calculate Jared's taxable income and tax liability. Tax Liability: Type your answer here Round to the nearest cent. DO NOT INCLUDE

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