Use the 2020 tax information below to answer these questions. Tax Rates Rate Single Married Filing Jointly 10% $0-$9,875 $0 $19,750 12% $9,875 - $40,125 $19,750 $80,250 22% $40,125 $85,525 $80,250 $171,050 24% 32% 35% $85,525 $163,300 $163,300 $207,350 $207,350 $518,400 $171,050 $326,600 $326,600 $414,700 $414,700 $622,050 37% $518,400 or more $622,050 or more Standard Deductions Single Married Filing Jointly $24,800 $12,400 Collin is a single person with no children whose gross income is $28,000. He also has the following adjustments and deductions. Adjustments: $2500 for contributions to a health saving account Deductions: $3750 in property tax $4500 in mortgage interest $1250 in charitable contributions to the nearest cent. Deductions: $3750 in property tax $4500 in mortgage interest $1250 in charitable contributions Find Collin's adjusted gross income. Round your answer to the nearest cent. $ Will Collin use the standard deduction or itemized deductions? Itemized Standard Find Collin's taxable income. Round your answer to the nearest cent. Compute Collin's tax owed. Round your answer to the nearest cent. $ Suppose Collin's W-2 says that he paid $1,428.00 in taxes in 2020. Is Collin due a refund, or does he owe additional taxes? Owes Taxes Find Collin's taxable income. Round your answer to the nearest cent. $ Compute Collin's tax owed. Round your answer to the nearest cent. $ Suppose Collin's W-2 says that he paid $1,428.00 in taxes in 2020. Is Collin due a refund, or does he owe additional taxes? Owes Taxes Refund Due Calculate Collin's taxes owed or refund. $ (Round to the nearest cent) Collin's taxable income fell into the 12% marginal tax bracket. What percent of his gross household income did he pay in taxes? Answer as a percent, rounded to one decimal place. Question Help: Message instructor