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Use the 2016 marginal tax rates to compute the income tax owed by the following person. Single male, no dependents. Gross income $88,000 Adjustments $3000

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Use the 2016 marginal tax rates to compute the income tax owed by the following person. Single male, no dependents. Gross income $88,000 Adjustments $3000 Deductions:$27,000 mortgage interest $4245 property taxes $1000 charitable contributions Tax credit:none Click the icon to view the 2016 marginal tax rates. The income tax owed is $ (Type an integer or a decimal. Round to the nearest cent as needed.)

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