The 2016 Federal Income Tax Brackets for a single filer are as follows:

Taxable Income	Tax Rate
$0 to $9,275	10%
$9,276 to $37,650	$927.50 plus 15% of the amount over $9,275
$37,651 to $91,150	$5,183.75 plus 25% of the amount over $37,650
$91,151 to $190,150	$18,558.75 plus 28% of the amount over $91,150
$190,151 to $413,350	$46,278.75 plus 33% of the amount over $190,150
$413,351 to $415,050	$119,934.75 plus 35% of the amount over $413,350
$415,051 or more	$120,529.75 plus 39.6% of the amount over $415,050

Suppose a single person makes $973,501 in taxable income.

How much does he/she owe in taxes? $ (round to the nearest cent)

What is his/her effective tax rate? % (round to two decimal places)