Use the table to calculate the tax owed. Round to the nearest cent. Table 8.1 2012 Margiral Tax Rates, Scandard Deductions, and Exemptions Married Filing Separately Married Head of Tax Rate Single Filing Jointly Household up to $8700 $8701 to $35,350 10% up to $8700 up to $12,400 $17,401 to $70,700 $12,401 to $47,350 $35,351 to $85,650 $35,351 to $71,350 $70,701 to $142,700 $47351 to $122,300 $85,651 to $178,650 $71,351 to $108,725 $142,701 to $217,450 $122,301 to $198,050 up to $17,400 $8701 to $35,350 15% 25% 28% $178,651 to $388,350 $108,726 to $194,175 $217,451 to $388,350 $198,051 to $388,350 more than $388,350 33% 35% more than $194,175 more than $388,350 more than $388,350 Standard Deduction $5950 $5950 $11,900 $8700 Exemptions (per person) $3800 $3800 $3800 $3800 Single female, no dependents Gross income: $35,000 Adjustments: $3000 Deductions: $2000 charitable contributions $2500 student loan interest Tax credit: none $3120.00 $2032.50 $3690.00 $2902.50