Use the 2016 marginal tax rates in table 8.1 (pictured) to calculate the income tax owed by the following person:

Single female, no dependents

Gross income: $70,000

Adjustments: $2,000

Deductions: $10,000 mortgage interest, $2,500 property taxes, $1,200 charitable contributions

Tax credit: none

3) Use the 2016 marginal tax rates in Table 8.1 to calculate the income tax owed by the following person: Single female, no dependents Gross income: $70,000 Adjustments: $2000 Deductions: $10,000 mortgage interest $2500 property taxes $1200 charitable contributions Tax credit: none TABLE 8.1 2016 Marginal Tax Rates, Standard Deductions, and Exemptions Unmarried, Married and each diverse ar partner files legally separated separate for return Married and both partner files single tax return Unmarried and paying more than half the cast of seperting a child ar para Tax Rate 10% 15% 25% 28% 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 $415,050 Married Filing Separately up to $9275 $9276 to $37,650 $37,651 to $75,950 $75.951 to $115.725 $115,726 to $206,675 $206,676 to $233,475 more than $233,475 Married Head of Filing Jointly Household up to $18.550 up to $13,250 $18,551 to $75,300 $13,251 to $50,400 $75,301 to $151.900 $50,401 to $130,150 $151,901 to $231,450 $130,151 to $210,800 $231,451 to $413,350 $210,801 to 5413,350 $413,351 to $466,950 $413,351 to $441,000 more than $466,950 more than $441,000 33% 35% 39.6% $6300 $6300 $12,600 $9300 Standard Deduction Exemptions (per person) $4050 $4050 $4050 $4050