Question: Can someone help me with this question? Use the marginal tax rates in the table below to compute The tax owed is $ the tax

Can someone help me with this question?

Can someone help me with this question? Use the marginal tax rates

Use the marginal tax rates in the table below to compute The tax owed is $ the tax owed in the following situation. (Type an integer or a decimal.) Paul is a head of household with a taxable income of $55,000. He is entitled to a $7000 tax credit. Tax Rate Head of Household 10% up to $13,350 15% up to $50,800 25% up to $131,200 28% up to $212,500 33% up to $416,700 35% up to $444,550 39.6% above $444.550 Standard deduction $9350 Exemption $4050 (per person)

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