Use the partial table for personal income taxes to answer the following questions.

Table: Personal Marginal Income Tax Rates - Single

Taxable Income Over $	But Under $	Marginal Tax Rate
N/A	8,700	10%
8,701	35,350	15%
35,351	85,650	25%
85,651	178,650	28%
178, 651	388,350	33%

1) A sole proprietorship has taxable income of $34,000 and files taxes as single. What is the tax bill?

$3,550; $4,665; $5,500; $6,100; or $7,300

2) A sole proprietorship has taxable income of $34,000 and files taxes as single. What is the percentage marginal tax rate?

10.00%; 15.00%; 25.00%; 28.00%; or 33.00%

NOTES: I got an answer around $5000 for the first one? Is this correct, I am still working on the second one.

Thanks!