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 $14,424 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) Question Help: Message instructor Submit