2. Use the following table to answer these two questions. Table 8.1 2012 Marginal Tax Rates, Standard Deductions, and Exemptions Tax Rate legally separated Single Married and ach partear files a seperate faster Married Filing Separately Married and bath partears file Married Filing Jointly Unmarried and paying the half the cast of supporting a child or part Head of Household up to $12,400 $12,401 to $47,350 $47,351 to $122.300 $122,301 to $198,050 $198,051 to $388,350 more than $388 350 10% up to $8700 15% 25% 28% 33% $8701 to $35.350 $35.351 to $85.650 $85,651 to $178,650 $178,651 to $388,350 35% more than $388,350 up to $8700 $8701 to $35,350 $35,351 to $71.350 $71.351 to $108,725 $108,726 to $194,175 more than $194.175 up to $17,400 $17,401 to $70,700 $70,701 to $142,700 $142,701 to $217,450 $217.451 to $388.350 more than $388,350 Standard Deduction $5950 $5950 $11,900 $8700 Exemptions (per person) $3800 $3800 $3800 $3800 (a) (5 points) What is the taxpayer's taxable income, assuming they take the standard deduction?