Problem 1: (10 points) Using the following 2019 tax bracket table, calculate the federal income tax that a single individual owes if their gross income is $98,000.Consider the standard deduction given in the lecture slides (and no adjustment or exemption) Married Filing Jointly or Tax Bracket/ Single Filing Status Qualifying Widow 10 % $0 to $9,700 s0 to $19,400 12% $9,701 to $19,401 to $78,950 $39,475 22% $39,476 to $78,951 to $168,400 s84,200 24% $84,201 to $168,401 to $321,450 $160,725 32% $160,726 to $321,451 to $408,200 $204,100 35% $204,101 to $40,201 to $612,350 $510,300 37% $510,301 or $612.351 or more more Married Filing Jointly Single Tax Bracket/ or Filing Status Qualifying Widow 10 % $0 to $9,700 $0 to $19,400 12% $9,701 to $19,401 to $78,950 $39,475 22% $39,476 to $78,951 to $168,400 $84,200 24% $84,201 to $168,401 to $321,450 $160,725 32% $160,726 to $321,451 to $408,200 $204,100 35% $204,101 to $408,201 to $612,350 $510,300 37% $510,301 or $612,351 or more more