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Save Homework: 8.2 hw (8.1B in old book) : X 8.2.15 Score: 0 of 1 pt 1 of 5 (1 complete) HW Score: 0%, 0

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Save Homework: 8.2 hw (8.1B in old book) : X 8.2.15 Score: 0 of 1 pt 1 of 5 (1 complete) HW Score: 0%, 0 of 5 pts Question Help Use the 2016 marginal tax rates to compute the income tax owed by the following person. Single male, no dependents. Gross income:$98.000 Adjustments:S1000 Deductions:S27,000 mortgage interest 54677 property taxes i 2016 Marginal Tax Rates S3000 charitable contributions Tax credit:none Click the icon to view the 2016 marginal tax rates. 2016 Marginal Tax Rates, Standard Deductions, and Exemptions The Income tax owed is $0. Unmarried, divorced, Married and each partner Married and both Unmarried and paying (Type an integer or a decimal. Round to the nearest cent as needed.) or legally separated files a separate tax return partners file a single more than half the cost tax return of supporting a child or parent Tax Rate Single Married Filing Separately Married Filing Jointly Head of Household 10% up to $9275 up to $9275 up to $18.550 up to $13,250 15% $9276 to $37,650 $9276 to $37,650 $18,551 to $75,300 $13,251 to $50,400 25% $37,651 to $91,150 $37.651 to $75,950 $75,301 to $151,900 $50,401 to $130.150 28% $91,151 to $190.150 $75,951 to $115.725 $151,901 to 5231,450 $130,151 to $210,800 33% $190.151 to 5413,350 S115,726 to S206,675 $231.451 to 5413,350 $210.801 to $413,350 35% $413,351 to $415,050 S206,676 to $233,475 $413.351 to $466,950 $413,351 to $441,000 39.6% more than $115.050 more than S233,475 more than $166.950 more than $141.000 Standard $6300 S6300 $12,600 $9300 Deduction Exemptions $4050 $4050 $4050 $4050 (per person) Print Done

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