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Use the 2016 marginal tax rates to compute the income tax owed by the following person. Unmarried head of household with two dependent children. Gross

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Use the 2016 marginal tax rates to compute the income tax owed by the following person. Unmarried head of household with two dependent children. Gross income: $71,000 Adjustments: none Deductions: $3093 state taxes $4000 theft loss Tax credit: $4000 2016 marginal tax rates up to $9275 up to $9275 Tax Rate 10% 15% 25% 28% 33% 35% 39.6% Standard Deduction Exemptions (per person) 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 of supporting a child or parent Single Married Filing Separately Married Filing Jointly Head of Household up to $18,550 up to $13,250 $9276 to $37,650 $9276 to $37,650 $18,551 to $75,300 $13,251 to $50,400 $37,651 to $91,150 $37,651 to $75,950 $75,301 to $151,900 $50,401 to $130,150 $91,151 to $190,150 $75,951 to $115,725 $151,901 to $231,450 $130,151 to $210,800 $190,151 to $413,350 $115,726 to $206,675 $231,451 to $413,350 $210,801 to $413,350 $413,351 to $415,050 $206,676 to $233,475 $413,351 to $466,950 $413,351 to $441,000 more than $415,050 more than $233,475 more than $466,950 more than $441,000 $6300 $6300 $12,600 $9300 $4050 $4050 $4050 $4050

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