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Using the 2018 federal tax bracket on Blackboard, determine how much is owed in federal taxes if a person's gross pay is $95,290. Assume the person is single. Federal 2018 Tax Bracket Individual Taxpayers If Taxable Income Is Between: The Tax Due Is: 0-$9,525 10% of taxable income $9,526 - $38,700 $952.50 + 12% of the amount over $9,525 $38,701 - $82,500 $4,453.50 + 22% of the amount over $38,700 $82,501 - $157,500 $14,089.50 + 24% of the amount over $82,500 $157,501 - $200,000 $32.089.50 + 32% of the amount over $157,500 $200,001 - $500,000 $45,689.50 + 35% of the amount over $200,000 $500,001 + $150,689.50 + 37% of the amount over $500,000 Single j $12,000 Married Filing Jointly & Surviving Spouse $24,000 Married Filing Separately $12,000 Head of Household $18,000 e Federal Personal exemption eliminated in 2018 Tax Bracket Tax Rate 1.7% 3.2% Standard Deduction (Single) Standard Deduction (MFJ) Personal Exemption Dependant Exemption $12,000.00 $24,000.00 $4,050.00 $4,050.00