Use Tax Rate Schedule Carson Wentz, of Philadelphia, determined the following tax information: salary, $163,000; interest earned, $2,000; qualified retirement plan contribution, $4,000; personal exemption, $4,050; itemized deductions, $11,000. Filing single, calculate Carson's taxable income and tax liability. (Hint: Use Table 4-2.) Round your answer for tax liability to the nearest cent.

Taxable income:

Tax Liability: