Based on the table below, compute the amount of the federal income tax for a single person with an adjusted gross income (AGI) of $98,000 in the current tax year. Show your work.

2021 Federal Taxable Income IRS Tax Brackets and Rates Tax Rate Single Filers Married Filing Jointly + SS Married, filing separately Head of Household 10% Up to $9.950 Up to $19,900 Up to $9.950 Up to $14,200 12% $9.951 to $40,525 $19,901 to $81,050 $9,951 to $40,525 $14,201 to $54,200 22% $40,526 to $86,375 $81,051 to $172,750 $40,526 to $86,375 $54,201 to $86,350 24% $86,376 to $164.925 $172,751 to $329,850 $86,376 to $164.925 $86,351 to $164,900 32% $329,851 to $418,850 $164.926 to $209,425 $164.901 to $209,400 $164.926 to $209,425 35% $418,851 to $628,300 $209,426 to $314,150 $209,401 to $523,600 $209,426 to $523,600 37% Over $523,600 Over $628,300 Over $314,150 Over $523,600 $12,550 $25,100 $12,550 $18,800 Standard Deduction