Question 2 (1 point) If the taxable income totals $175,000.00, what is the difference in your tax bill if another $5,000 of tax deductible expenses were found? Please round to two decimal places. Enter the number only. If the answer was $1000 then enter 1000.00 Tax Bracket 2019 Tax Rates, Single Individual Taxable Income Tax Payable $ 0 $ 9,700 10% of TI $ 9,700 $ 39,475 $ 970.00 + 12% of (TI - 9,700 ) $ 39,475 $ 84,200 $ 4,543.00 + 22% of (TI - 39,475) $ 84,200 $ 160,725 $ 14,382.50 + 24% of (TI - 84,200) $ 160,725 $ 204,100 $ 32,748.50 + 32% of (TI - 160.725 ) $ 204,100 $ 510,300 $ 46,628.50 + 35% of (TI - 204.100) Over $510,300 $ 153,798.50 + 37% of (TI - 510,300) Question 2 (1 point) If the taxable income totals $175,000.00, what is the difference in your tax bill if another $5,000 of tax deductible expenses were found? Please round to two decimal places. Enter the number only. If the answer was $1000 then enter 1000.00 Tax Bracket 2019 Tax Rates, Single Individual Taxable Income Tax Payable $ 0 $ 9,700 10% of TI $ 9,700 $ 39,475 $ 970.00 + 12% of (TI - 9,700 ) $ 39,475 $ 84,200 $ 4,543.00 + 22% of (TI - 39,475) $ 84,200 $ 160,725 $ 14,382.50 + 24% of (TI - 84,200) $ 160,725 $ 204,100 $ 32,748.50 + 32% of (TI - 160.725 ) $ 204,100 $ 510,300 $ 46,628.50 + 35% of (TI - 204.100) Over $510,300 $ 153,798.50 + 37% of (TI - 510,300)