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Use the 2016 marginal tax rates to compute the tax owed by the following person. A single man with a taxable income of $13,000 and

Use the

2016

marginal tax rates to compute the tax owed by the following person.

A single

man

with a taxable income of

$13,000

and a

$2000

tax credit

Marginal Tax Rates, Standard Deductions, and Exemptions

Unmarried, divorced, or legally separated

Married and each partner files a separate tax return

Married and both partners file a single tax return

Unmarried and paying more than half the cost of supporting a child or parent

Tax Rate

Single

Married Filing Separately

Married Filing Jointly

Head of Household

10%

up to $9275

up to $9275

up to $18,550

up to $13,250

15%

$9276 to $37,650

$9276 to $37,650

$18,551 to $75,300

$13,251 to $50,400

25%

$37,651 to $91,150

$37,651 to $75,950

$75,301 to $151,900

$50,401 to $130,150

28%

$91,151 to $190,150

$75,951 to $115,725

$151,901 to $231,450

$130,151 to $210,800

33%

$190,151 to $413,350

$115,726 to $206,675

$231,451 to $413,350

$210,801 to $413,350

35%

$413,351 to $415,050

$206,676 to $233,475

$413,351 to $466,950

$413,351 to $441,000

39.6%

more than $415,050

more than $233,475

more than $466,950

more than $441,000

Standard Deduction

$6300

$6300

$12,600

$9300

Exemptions (per person)

$4050

$4050

$4050

$4050

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