Ms. E, a single individual, had $115,000 taxable income. Assume the taxable year is 2017. Compute her income tax assuming that:

Taxable income includes $22,000 capital gain eligible for the 15 percent preferential rate. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) What is income tax?

Single If taxable income is: Not over $9,325 Over $9,325 but not over $37,950 Over $37,950 but not over $91,900 Over $91,900 but not over $191,650 Over $191,650 but not over $416,700 Over $416,700 but not over $418,400 Over $418,400 The tax is: 10% of taxable income $932.50 + 15% of excess over $9,325 $5,226.25 + 25% of excess over $37,950 $18,713.75 + 28% of excess over $91,900 $46,643.75 + 33% of excess over $191,650 $120,910.25 + 35% of excess over $416,700 $121,505.25 + 39.6% of excess over $418,400