Mr. Coleman, an unmarried individual, has the following income items: Interest income Schedule C net profit $ 23,700 58,880 He has $10,050 itemized deductions and no dependents. Mr. Coleman's Schedule C income is qualified business income (non- service). Required: Compute Mr. Coleman's income tax. Assume the taxable year is 2021. Use Individual Tax Rate Schedules and Standard Deduction Table. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Amount AGI Taxable income Income tax Married filing jointly and surviving spouses Married filing separately Head of household Single $25,100 12,550 18,800 12,550 Single If taxable income is Not over $9,950 Over $9,950 but not over $40,525 Over $40,525 but not over $86,375 Over $86,375 but not over $164,925 Over $164,925 but not over $209,450 Over $209,450 but not over $523,600 Over $523,600 The tax is 10% of taxable income $995.00 + 12% of excess over $9,950 $4,664.00 + 22% of excess over $40,525 $14,751.00 + 24% of excess over $86,375 $33,603.00 + 32% of excess over $164,925 $47,843.00 + 35% of excess over $209,425 $157,804.25 + 37% of excess over $523,600