The 2016 Federal Income Tax Brackets for a single filer are as follows: Taxable Income $0 to $9,275 $9,276 to $37,650 $37,651 to $91,150 $91,151 to $190,150 Tax Rate 10% $927.50 plus 15% of the amount over $9,275 $5,183.75 plus 25% of the amount over $37,650 $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 $31,130 in taxable income. How much does he/she owe in taxes? S What is his/her effective tax rate? (round to the nearest cent) (round to two decimal places)