Question: ax Liability.Compute Lana's 2018 tax liability, using the tax table TABLE 1.2: Federal Income Tax Rates and Brackets for Individual Returns (2018) Tax Rates Taxable

ax Liability.Compute Lana's 2018 tax liability, using the tax table

TABLE 1.2: Federal Income Tax Rates and Brackets for Individual Returns (2018)

Tax Rates

Taxable Income

Taxes

10.0%

$0 to $9,525

10% of taxable income

12.0%

$9,526 to $38,700

$952.50, plus 12% of the amount over $9,525

22.0%

$38,701 to $82,500

$4,453.50, plus 22% of the amount over $38,700

24.0%

$82,501 to $157,500

$14,089.50, plus 24% of the amount over $82,500

32.0%

$157,501 to $200,000

$32,089.50, plus 32% of the amount over $157,500

35.0%

$200,001 to $500,000

$45,689.50, plus 35% of the amount over $200,000

37.0%

Over $500,000

$150,689.50, plus 37% of the amount over$500,000

, if she is single and earned $75,500

in wages. She will take the standard deduction. Assume her adjusted gross income is the same as her earned income.

Lana's tax liability is=$

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