Nancy calculated her 2015 taxable income to be $130,650 Using the 2015 federal income tax brackets and rates, how much federal income tax should she report? Taxable income (Income tax brackets) $44,701 or less $44,701 to $89,401 $89,401 to $138,586 Over $138,586 Tax Rates 15% of taxable income less than or equal to $44,701, plus 22% of taxable income greater than $44,701 and less than or equal to $89,401, plus 26% of taxable income greater than $89,401 and less than or equal to $138,586, plus 29% of taxable income greater than $138,586 Nancy should report a federal income tax of $ (Round to the nearest cent as needed.)