Use the $2016$ marginal tax rates to compute the tax owed by the following person.

A head of household with a taxable income of $$68,000$ and a $$7000$ tax credit

Click the icon to view the $2016$ marginal tax rates.

The tax owed is $

$($Type an integer or a decimal. Round to the nearest cent as needed.$)$

$2016$ Marginal Tax Rates

$2016$ Marginal Tax Rates, Standard Deductions, and Exemptions

Unmarried, divorced, Married and each partner Married and both Unmarried and paying or legally separated files a separate tax return partners file a single more than half the cost tax return

Single

up to $$9275$

$$9276$ to $$37,650$

$$37,651$ to $$91,150$

$$91,151$ to $$190,150$

$$190,151$ to $$413,350$

$$413,351$ to $$415,050$

more than $$415\mathrm{.}050$

$$6300$

of supporting a child

or parent

Head of Household

up to $$18,550$

$$18,551$ to $$75,300$

$$75,301$ to $$151,900$

$$151,901$ to $$231,450$

$$231,451$ to $$413,350$

$$413,351$ to $$466,950$

more than $$466,950$

$$12,600$

up to $$13,250$

$$13,251$ to $$50,400$

$$50,401$ to $$130,150$

$$130,151$ to $$210,800$

$$210,801$ to $$413,350$

$$413,351$ to $$441,000$

more than $$441,000$

$$9300$

Use the $2016$ marginal tax rates to compute the tax owed by the following person.

A head of household with a taxable income of $$68,000$ and a $$7000$ tax credit

Click the icon to view the $2016$ marginal tax rates.

The tax owed is $ $$

$($Type an integer or a decimal. Round to the nearest cent as needed.$)$