Extracted text: TABLE 8.1 2016 Marginal Tax Rates, Standard Deductions, and Exemptions Unmaried, diverced, or legally separated Married and ach parteer files eparate tar rete Married and berh partren file single tar retee Unmarried and paying mare than half the cest of sepperting ekildr pareet Married Filing Separately Married Filing Jointly Head of Household Тах Rate Single 10% up to $9275 up to $9275 up to $18,550 up to $13.250 15% $9276 to $37,650 $9276 to $37,650 $18,551 to $75,300 $13,251 to $50,400 25% $37,651 to $91,150 $37,651 to $75,950 $75,301 to $151,900 $50,401 to $130,150 28% $91,151 to $190,150 S75,951 to $115,725 $151,901 to $231,450 $130,151 to $210,800 33% $190,151 to $413,350 SI15,726 to $206,675 $231,451 to $413,350 $210,801 to $413,350 35% $413,351 to $415,050 $206,676 to $233,475 $413,351 to $466,950 $413,351 to $441,000 39.6% mure than $441,000 more than S415.050 more than $233.475 mure than $466,950 Standard Deduction $6300 $600 $12,600 $9300 Exemptions (per person) $4050 S4050 $4050 $4050 Use the 2016 marginal tax rates in the above table to calculate the federal tax owed by a single man with no dependents whose gross income, adjustments, deductions, and credits are given as follows: Gross income: $75,000 Adjustments: $4,000 eductions: $28,000: mortgage interest $4200: property taxes $3000: charitable contributions Tax credit: $1000 Fill in the blank based on the above information. Taxable Income = |- ( + 4050) = (Note: Here we use itemize deduction) Tax computation = (Round to the nearest cent) Income tax = (Round to the nearest cent)