Solve the problem. Refer to the table if necessary. 2013 Marginal Tax Rates, Standard Deductlons. and Framneinnew * Each higher marginal rate begins where the prior one leaves off. For example, for a single person, the iss. marginal rate affects income starting at 58925 , which is where the 10 , rate leaves off, and continuing up to $36,250. ** This table ignores the effects of (i) exemption and deduction phase-outs that apply to high-income tax: payers and (i) the alternative minimum tax (AMT) that affects many middle- and high-income taxpayers. Your deductible expenditures are $8236 for interest on a home mortgage, $3528 for contributions to charity, and $634 for state income taxes. Your filing status entitles you to a standard deduction of $12,200. Should you itemize your deductions rather than claiming the standard deduction? If so, what is the difference