Michele is a single taxpayer. Her salary is $43,000. Michele realized a short-term capital loss of $7,000. Her itemized deductions total $5,000. (The tax year is 2022.) View the standard deduction amounts. View the 2022 tax rate schedule for the Single filing status. Read the requirements. Requirements a. and b. Compute Michele's adjusted gross income and her taxable income. Start by computing Michele's adjusted gross income and then her taxable income. (Use parentheses or a minus sign to enter a loss.) Adjusted gross income Standard Deduction Amounts STANDARD DEDUCTION Filing Status - Married individuals filing joint returns and surviving spouses Heads of households Unmarried individuals (other than surviving spouses and heads of households) Married individuals filing separate returns 25,900 bun 19,400 $ 12,950 $ 12,950 Additional standard deduction for the aged and the blind; Individual who is married and surviving spouses Additional standard deduction for the aged and the blind; Individual who is unmarried and not a surviving spouse $1,400* $1,750* Taxpayer claimed as dependent on another taxpayer's return: Greater of (1) earned income plus $400 or (2) $1,150. * These amounts are $2,800 and $3,500, respectively, for a taxpayer who is both aged and blind. Print Done Single Tax Rate Schedule 16 If taxable income is: Not over $10,275 Over $10,275 but not over $41,775 Over $41,775 but not over $89,075 Over $89,075 but not over $170,050 Over $170,050 but not over $215,950 Over $215,950 but not over $539,900 Over $539,900 Single The tax is: .10% of taxable income. .....$1,027.50 + 12% of the excess over $10,275. . $4,807.50 + 22% of the excess over $41,775. ....$15,213.50 + 24% of the excess over $89,075. . . $34,647.50 + 32% of the excess over $170,050. ... $49,335.50 + 35% of the excess over $215,950. $162,718.00 + 37% of the excess over $539,900. Print Done Requirements a. Compute Michele's adjusted gross income. b. Compute her taxable income. c. Compute her tax liability. Print Done - X