Suppose that Teresa is preparing to file her taxes. She is single and currently lives in Dallas. Teresa earned $70,000 in taxable income in 2022. She reviews the following table, which shows the IRS tax rates for a single taxpayer in 2022. On Annual Taxable Income... Up to $10,275 From $10,275 to $41,775 From $41,775 to $89,075 From $89,075 to $170,050 From $170,050 to $215,950. From $215,950 to $539,900 Over $539,900 The Tax Rate Is... (Percent) 10.0 12.0 22.0 24.0 32.0 35.0 37.0 Based on the IRS table, Teresa calculates that her marginal tax rate is Teresa calculates that she owes in income taxes for 2022. when her annual taxable income is $70,000. Teresa then calculates that her average tax rate is After figuring out what she owes in taxes in 2022, Teresa decides to ask an accountant for tax advice. The accountant claims that he has found a legal way to shelter $2,000 of taxable income from the federal government. based on the annual income level and the amount of taxes she owes for 2022. The maximum amount that Teresa is willing to pay to learn this strategy and reduce her taxable income by $2,000 is (Hint: Sheltering some income means finding a legal way to avoid being charged income tax on that income. For example, someone who has $50,000 in taxable income and shelters $10,000 pays income tax on only $40,000.)