Quantitative Problem: Jenna is a single taxpayer with no dependents so she qualifies for one personal exemption. During 2013, she earned wages of $114,000. She doesn't itemize deductions, so she will take the standard deduction and her personal exemption to calculate 2013 taxable income. In addition, during the year she sold common stock that she had owned for five years for a net profit of $4,600. How much does Jenna owe to the IRS for taxes? Round your intermediated and final answers to the nearest cent.

2013 Individual Tax Rates Single Individuals Plus This Percentage on the Excess over the Base (Marginal Rate) 10.0 You Pay This Amount on he If Your Taxable Income Is Up to $8,925 $8,925-$36,250 36,250-$97,850 $87,850-$183,250 $183,250- $398,350 $398,350 400,000 Over $400,000 Avernge Tax Rate at Top of Bracket 10.0% 13.8 20.4 24.3 th Base of the Bracket 50 892-50 4,991.25 17,891.25 44,G03.25 15,586.25 116,163.75 15.0 25.0 20.0 35.0 39.6 29.0 39.6 Standard deduction for Individual: $6,100 Married Couples Filing Joint Returns Plus This Percentage on the Excess over the Base (Marginal Rate) 10.0 15.0 25.0 28.0 You Pay This Amount on te If Your Taxable Income Is Up to 17,650 $17,850- $72,500 72,500-$146,100 $146,400 $223,050 $223,050 398,350 $398,350 450,000 Over $450,000 Avernge Tax Rate al Top of Bracket 10.0% 13.8 9.4 22.4 7.1 29.0 39.6 th Base of the Bracket 50 1,785.00 9,982.50 28,457.5O 49,919-50 107,769.50 125,846.00 35.0 39.6 Standard deduction for marred couples filing jointly: $12,200 Quantitative Problem: Jenna is a single taxpayer with no dependents so she qualities for one personal exemption, During 2013, she eamed wages of $114,000. She doesn't itemize deductions, so she will take the standard deduction and her personal exemption to calculate 2013 taxable income. 1n addition, during the year she sold comman stack that she had owned for five years for a net profit of $4,600. How much does lenna owe to the IRS for taxes7 Round your intermediated and final answers to the nearest cent. 2013 Individual Tax Rates Single Individuals Plus This Percentage on the Excess over the Base (Marginal Rate) 10.0 You Pay This Amount on he If Your Taxable Income Is Up to $8,925 $8,925-$36,250 36,250-$97,850 $87,850-$183,250 $183,250- $398,350 $398,350 400,000 Over $400,000 Avernge Tax Rate at Top of Bracket 10.0% 13.8 20.4 24.3 th Base of the Bracket 50 892-50 4,991.25 17,891.25 44,G03.25 15,586.25 116,163.75 15.0 25.0 20.0 35.0 39.6 29.0 39.6 Standard deduction for Individual: $6,100 Married Couples Filing Joint Returns Plus This Percentage on the Excess over the Base (Marginal Rate) 10.0 15.0 25.0 28.0 You Pay This Amount on te If Your Taxable Income Is Up to 17,650 $17,850- $72,500 72,500-$146,100 $146,400 $223,050 $223,050 398,350 $398,350 450,000 Over $450,000 Avernge Tax Rate al Top of Bracket 10.0% 13.8 9.4 22.4 7.1 29.0 39.6 th Base of the Bracket 50 1,785.00 9,982.50 28,457.5O 49,919-50 107,769.50 125,846.00 35.0 39.6 Standard deduction for marred couples filing jointly: $12,200 Quantitative Problem: Jenna is a single taxpayer with no dependents so she qualities for one personal exemption, During 2013, she eamed wages of $114,000. She doesn't itemize deductions, so she will take the standard deduction and her personal exemption to calculate 2013 taxable income. 1n addition, during the year she sold comman stack that she had owned for five years for a net profit of $4,600. How much does lenna owe to the IRS for taxes7 Round your intermediated and final answers to the nearest cent