Using the formula and methodology demonstrated in class, calculate the income tax for an individual who has:

$146,564.00 of income from all sources

$4,866.00 in Exclusions

$8,155.00 in Adjustments

$11,586.00 in below-the-line Deductions

$858.00 in Credits

For the purposes of this question, assume this is an individual taxpayer. Also assume a standard deduction of $12,550.00. In calculating the tax, use the following tax rates and brackets:

Income	Rate
Up to $9,950	10%
$9,951 to $40,525	12%
$40,526 to $86,375	22%
$86,376 to $164,925	24%
$164,926 to $209,425	32%
$209,426 to $523,600	35%
$523,601 and more	37%