2018 Tax Rate, Single Individual Taxable income Tax Payable SO $9,525 10% of TI $9,525 $38.700 $952.50 + 12% of (TI - $9,525) $38,700 $82,500 $4,453.50 +22% of (TI - $38,700) $82,500 $157,500 $14,089.50 +24% of (TI - $82,500) $157,500 $200,000 $32,089.50 + 32% of (TI - $157,500) $200,000 $500,000 S45689.50 + 35% of (TI - $200,000) $500,000 $150,689.50 +37% of (TI - $500,000) no limit 5. (2 points) If Rachel has a taxable income of $162,500, how much less taxes would be paid with another $3,000 of tax deductible expenses? 6. (2 points) If Rachel has a taxable income of $162,500, how much less taxes would be paid with a $3,000 tax credit