wabella Cunningham 24 years old and single, lives in an apartment, and has no dependents. Last year she earned $15.700 resentative for the wage was with held for federal income taxes. In addition, she had interest income of $145 The standard deduction in 2016 was 312,000 for single. The appropriate tax rate schedule is shown below EXHIBIT 3.3 Sample Texftate Schedules Tax rates levied on personal income vary with the amount of reported taxable income and the taxpayer's filing status 2018 Tax Rate Schedules Single Taxable income Tax Rate 150-- 39,525 of taxable income 59.52638,700 5952.50 plus 12 of the amount over $9,525 $38,701...582,500 54,453.50 plus 22% of the amount over $38,700 $82,501 - $157,500 $14,089,50 plus 24% of the amount over $82,500 $157, 501-$200,000 $32,089.50 hus 32% of the amount over $157,500 $200,001-$500,000 45,6950 plus 35% of the amount over $200,000 $500,001 or more $150, plus 37% of the amount over $500,000 a. Estimate her taxable income $ b. Estimate her tax liability. Round the answer to the nearest cent. Use unrounded values in later calculations. (Hint: Use the tax rate schedules given in Exhibit 13 to deter her tax liability.) $ c. Estimate her tax refund or tax owed. Enter tax owed, if any, as negative amount. Round the answer to the nearest cent. wabella Cunningham 24 years old and single, lives in an apartment, and has no dependents. Last year she earned $15.700 resentative for the wage was with held for federal income taxes. In addition, she had interest income of $145 The standard deduction in 2016 was 312,000 for single. The appropriate tax rate schedule is shown below EXHIBIT 3.3 Sample Texftate Schedules Tax rates levied on personal income vary with the amount of reported taxable income and the taxpayer's filing status 2018 Tax Rate Schedules Single Taxable income Tax Rate 150-- 39,525 of taxable income 59.52638,700 5952.50 plus 12 of the amount over $9,525 $38,701...582,500 54,453.50 plus 22% of the amount over $38,700 $82,501 - $157,500 $14,089,50 plus 24% of the amount over $82,500 $157, 501-$200,000 $32,089.50 hus 32% of the amount over $157,500 $200,001-$500,000 45,6950 plus 35% of the amount over $200,000 $500,001 or more $150, plus 37% of the amount over $500,000 a. Estimate her taxable income $ b. Estimate her tax liability. Round the answer to the nearest cent. Use unrounded values in later calculations. (Hint: Use the tax rate schedules given in Exhibit 13 to deter her tax liability.) $ c. Estimate her tax refund or tax owed. Enter tax owed, if any, as negative amount. Round the answer to the nearest cent