Kate is a single and has the following situation for the year: Kate's income of $60,000; dividend income of $500; interest income of $300; short-term capital gain of $800 and long term capital gain of 1,000. She also paid $550 on interest charges on her credit card. Her other total exemptions and itemized deductions is 7,000; these amounts will be deducted from her gross income to determine her taxable income. If she is files as a single individual, what is Kate's tax liability for the year, i.e. how much in taxes she will pay for the year? Use the individual tax rate provided below.

Single Individual Tax Table
Taxable Income	Tax on Base of Bracket	Percentage on Excess above Base
Up to $6,000	$0.00	10.0%
$6,000-$27,950	600.00	15.0
$27,950-$67,700	3,892.50	27.0
$67,700-$141,250	14,625.00	30.0
$141,250-$307,050	36,690.00	35.0
Over $307,050	94,720.00	38.6