Jennifer is single and has the following income and expenses: Salary $83,800 Interest income 5,100 Dividend income 9,300 Long-term capital gain 9,100 Short-term capital loss 13,200 Deductions for AGI 2,700 Deductions from AGI 15,500 The standard deduction is $12,400 for single taxpayers. Dividends and net long-term capital gains are taxed at a rate of 15%. Refer to the Tax schedules table to answer the following question. Round intermediate calculations and final answers to the nearest dollar. Jennifer's taxable income is $ and her income tax liability is $ Table B-1 Single Taxpayers But Not Over of the Amount Over The Tax Is If Taxable income Is Over $ 0 9,875 40,125 85,525 163,300 207,350 518,400 9,875 40,125 85,525 163,300 207,350 518,400 10% $ 987.50 + 12% 4,617.50 + 22% 14,605.50 +24% 33,271.50 + 32% 47,367.50 + 35% 156,235.00 + 37% $ 0 9,875 40,125 85,525 163,300 207,350 518,400 Exhibit 1-3 Individual Income Tax Formula Minus: Equals: Minus: $ XXX (XXX) $ XXX Equals: Minus: All sources of income (broadly defined) Exclusions from income Gross income Deductions for adjusted gross income Trade or business expenses Rental and royalty expenses Other specifically allowable deductions ADJUSTED GROSS INCOME Deductions from adjusted gross income Personal deductions: the greater of 1. itemized deductions (allowable personal expenses and certain other allowable deductions) OR 2. individual standard deduction Taxable income (XXX) $ XXX (XXX) $ XXX Equals