Joe is single and has no dependents. He earned $70,000 and had deductions from gross income of $3,400 and itemized deductions of $12,800. Compute Joes income for the tax year using the Tax Rate Schedules.

Single Individuals-Schedule X Taxable Income But Not Over % on Over Pay + Excess $0 9,525 38,700 82,500 157,500 200,000 500,000 $9,525 38,700 82,500 157,500 200,000 500,000 $0.00 952.50 4,453.50 14,089.50 32,089.50 45,689.50 150,689.50 10% 12 24 32 35 37