Marc, a single taxpayer, eams $61.600 in taxable income and $5,160 In Interest from an Investment in city of Birmingham bonds. Using the U.S. tax rate schedule for 2020, how much federal tax will he owe? (Round your final answer to the nearest whole dollar.) (Use tax rate schedule.) Multiple Choice $13,600 $9.342 O $7,708 $7,157 O O O None of the choices are correct 2020 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: S 0 $ 9,875 10% of taxable income $ 9.875 $ 40,125 $937.50 plus 12% of the excess over $9,375 $ 40.125 $ 35,525 54.617.50 plus 22% of the excess over $40.125 $ 85,525 $163,300 $14,605.50 plus 24% of the excess over $85.525 $163,300 $207,350 $33,271.50 plus 32% of the excess over $163,300 $207,350 $518,400 547.367.50 plus 35% of the excess over $207,350 $518,400 $156,235 plus 37% of the excess over $518,400 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: S 0 $ 19,750 10% of taxable income $ 19,750 $ 80.250 $1,975 plus 12% of the excess over $19.750 $ 80,250 $171,050 59,235 plus 22% of the excess over $80,250 $171,050 $326,600 S29,211 plus 24% of the excess over $171,050 $326.600 $414,700 566,543 plus 32% of the excess over $326.600 $414,700 $622,050 594.735 plus 35% of the excess over $414,700 $622,050 $167,307.50 plus 37% of the excess over $622.050 Schedule Z-Head of Household If taxable income is over: But not over: The tax is: S 0 $ 14,100 10% of taxable income $ 14,100 $ 53,700 $1,410 plus 12% of the excess over $14,100 $ 53,700 $ 85,500 56,162 plus 22% of the excess over $53,700 $ 85,500 $163,300 $13,158 plus 24% of the excess over $85,500 $163,300 $207,350 $31,830 plus 32% of the excess over $163,300 $207,350 $518,400 545.926 plus 35% of the excess over $207,350 $518,400 S154.793.50 plus 37% of the excess over $518.400 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: S 0 $ 9.875 $ 9,875 $ 40,125 $ 40,125 $ 85,525 $ 85,525 $163,300 $163,300 $207,350 $207,350 $311,025 $311.025 The tax is: 10% of taxable income $987.50 plus 12% of the excess over $9,875 $4,617.50 plus 22% of the excess over $40.125 $14,605.50 plus 24% of the excess over $85,525 $33,271.50 plus 32% of the excess over $163,300 S47,367.50 plus 35% of the excess over $207,350 $83,653.75 plus 37% of the excess over $311,025