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Paul is a head of household with a taxable income of $65 comma 000 65,000. He is entitled to a $7500 7500 tax credit. Compute

Paul is a head of household with a taxable income of $65 comma 000

65,000. He is entitled to a $7500

7500 tax credit. Compute his tax owed using the table below.

Tax Rate

Single

Head of Household

10%

up to $8,925

up to $12,750

15%

up to $36,250

up to $48,600

25%

up to $87,850

up to $125,450

28%

up to $183,250

up to $203,150

33%

up to $398,350

up to $398,350

35%

up to $400,000

up to $425,000

standard deduction

$6100

$8950

exemption (per person)

$3900

$3900

The tax owed is $

nothing

.

(Type an integer or a decimal.)

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