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Use the 2 0 2 1 marginal tax rates to compute the income tax owed by the following person. Filing status: single Gross income: $

Use the 2021 marginal tax rates to compute the income tax owed by the following person.
Filing status: single
Gross income: $74,000
Adjustments: $7000
Deductions: $12,500 mortgage interest
$4100 property taxes
$3000 charitable contributions
Tax credit: none
(i) Click the icon to view the 2021 marginal tax rates.
The income tax owed is $
(Type an integer or a decimal. Round to the nearest cent as needed.)
2021 Marginal Tax Rates
\table[[2021 Marginal Tax Rates and Standard Deductions],[-,\table[[Unmarried,],[divorced, or],[legally separated]],\table[[Married and each],[partner files a],[separate tax return]],\table[[\table[[Married and both],[partners file a],[single tax return]]]],\table[[Unmarried and paying more],[than half the cost of],[supporting a child or parent]]],[Tax Rate,Single,\table[[Married Filing],[Separately]],\table[[Married],[Filing Jointly]],\table[[Head of],[Household]]],[10%,up to $9950,up to $9950,up to $19,900,up to $14,200
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