(Question 1-8) Brayden's job is going great and this past year he decided to work part-time, so that he could go to school full-time for his master's degree. Brayden went to a business school, and tuition and fees were $25,000 for the year. He paid for his tuition and fees using a combination of savings, current income, scholarship, employer provided tuition assistance, and student loans. It is the end of the year and Brayden is filing his tax return. His total income and benefits are as follows: Wages: $50,000 (as reported on his W2) Employer provided tuition assistance: $5,000 Scholarship: $8,000 . Student loan proceeds: $12,000 In addition to tuition, Brayden had the following expenditures: Student loan interest: $3,000 (as reported to Brayden by his lender on Form 1098-E) Books: $1,500 Rent: $14,000 It is now time for Brayden to complete his tax return. Brayden is 28 years old and is in a relationship with Ashelyi planning to get married next year. 8. Calculate Brayden's Tax Liability. Use the following table. 2021 Tax Brackets Tax Single Head of Household Married Filing Married Filing Rate Jointly or Separately Qualifying Widow 10% $0 to $9,950 $0 to $14,200 $0 to $19,900 $0 to $9,950 12% $9,951 to $40,525 $14,201 to $54,200 $19,901 to $81,050 $9,951 to $40,525 22% $40,526 to $86,375 $54,201 to $86,350 $81,051 to $172,750 $40,526 to $86,375 24% $86,376 to $86,351 to $164,900 $172,751 to $86,376 to $164,925 $329,850 $164,925 32% $164,926 to $164,901 to $329,851 to $164,926 to $209,425 $209,400 $418,850 $209,425 35% $209,426 to $209,401 to $418,851 to $209,426 to $523,600 $523,600 $628,300 $314,150 37% $523,600 or more $523,600 or more $628,300 or more $314,151 or more $3,575 $3,755 $3,935 $4,535