Not yet answered Points out of 2.00 Flag question Chip, a single taxpayer, earns $60,000 in taxable income and $5,000 in nontaxable interest from an investmere city of Tampa bonds. When necessary, use the U.S. tax rate schedule for year 2021 (provided below compute your answer. If taxable income is over: SO $9,950 $40,525 $86,375 $164.925 $209,425 $523.600 But not over $9.950 $40,525 $86,375 $164.925 $209,425 S523,600 Schedule X-Single The tax is: 10% of taxable income $995 plus 12% of the excess over $9.950 $4,664 plus 22% of the excess over $40,525 $14.751 plus 24% of the excess over $86,375 $33,603 plus 32% of the excess over $164.925 $47,843 plus 35% of the excess over $209,425 $157 80425 plus 37% of the excess over $523.800 How much federal income tax will Chip owe? (rounded to the nearest dollar) Select one: O A. $13,200 O B. $10,049 OC. $8,949 OD. $7,200