Suppose Sam and Cory are married and are deciding whether to use the filing status of Single or of Married filing jointly. Cory has a taxable income of $50,000 and Sam has a taxable income of $100,000. \begin{tabular}{ll} Tax Rate & Taxable Income (Single Individuals) \\ \hline 10% & $0$9,875 \\ \hline 12% & $9,875$40,125 \\ \hline 22% & $40,125$85,525 \\ \hline 24% & $85,525$163,300 \\ \hline 32% & $163,300$207,350 \\ \hline 35% & $207,350$518,400 \\ \hline 37% & $518,400+ \\ \hline \end{tabular} \begin{tabular}{ll} Tax Rate & Taxable Income (Married Filing Jointly) \\ \hline 10% & $0$19,750 \\ \hline 12% & $19,750$80,250 \\ \hline 22% & $80,250$171,050 \\ \hline 24% & $171,050$326,600 \\ \hline 32 & $326,600$414,700 \\ \hline 35 & $414,700$622,050 \\ \hline 37% & $622,050+ \\ \hline \end{tabular} If the Single filing status was used, how much would Cory owe in federal income taxes? $11,000.00 $5,000.00 $12,000.00 $6,790.00 $5,790.00