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Do the Math $4-5$

Use Tax Rate Schedule

Carson Wentz, of Philadelphia, determined the following tax information: salary, $$147,000$; interest earned, $$2,000$; qualified retirement plan contribution, $$5,000$; itemized deductions, $$15,000.$ Filing single, calculate Carson's taxable income and tax liability. $($Hint: Use Table $4-2.)$ Round your answer for taxable income to the nearest dollar and answer for tax liability to the nearest cent.

Taxable income

$ $$

Tax liability

$ $$

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Partially Correct

$\backslash$table$[[$If Individual Taxpayers$],[$If Taxable Income Is Between:,The Tax Due Is:$],[0-$$$9,700,10\%$ of taxable income$],[$$$9,701-$$$39,475,$$$970+12\%$ of the amount over $$9,700$