Do the Math $4-4$

Use Tax Rate Schedule

Jared Goff, of Los Angeles, determined the following tax information: gross salary, $$90,000$; interest earned, $$1,000$; IRA contribution, $$5,000$; and standard deduction, $$12,200.$ Filing single, calculate Jared'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

$$

$$

Jable $4-2$

Tax Rate Schedules

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