The Federal income tax for the 1992 fiscal year provided three tax brackets for filers who were single. Table shows the three brackets1. A tax bracket is applied to determine the tax owed based on taxable income. For example, in 1992,the first $21,449,99 that a person earns is taxed at a rate of 15%. The next $30,450 that a person earns is taxed at a rate of 28%. The remainder of a person's earnings is taxed at a rate of 31%. Table shows some examples of tax owed based on the person's taxable earnings. Calculate the tax owed by hand for at least one example of taxable income in each of the three brackets, that is for one value less than $21,450, for one value between $21,450 and $51,900.00,and one value greater than $51,900.00. Choose values that are in Table so you know that your calculation is correct.