Marc, a single taxpayer, earns $$60,000$ in taxable income and $$5,000$ in interest from an investment in city of Birmingham bonds. Using the U$.$S$.$ tax rate schedule for $2024,$ how much federal tax will he owe? $($Use$$tax rate schedule.Links to an external site.$)$

Marc, a single taxpayer, earns $$60,000$ in taxable income and $$5,000$ in interest from an investment in city of Birmingham bonds. Using the U$.$S$.$ tax rate schedule for $2024,$ how much federal tax will he owe? $($Use$$tax rate schedule.Links to an external site.$)$

$$13,200$

$$8,253$

$$6,736$

$$6,559$

None of the choices are correct.

$$the tax base

$$the taxing agency

$$the tax rate

$$the purpose of the tax

To calculate a tax, you need to know:

$$the tax base

$$the taxing agency

$$the tax rate

$$the purpose of the tax

Only I is correct.

Only IV is correct.

Only III is correct.

Items I through IV are correct.

I and III are correct.