Use the 2016 marginal tax rates to compute the income tax owed by the following person....

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Use the 2016 marginal tax rates to compute the income tax owed by the following person. Single male, no dependents. Gross income:$82,000 Adjustments: $2000 Deductions: $27,000 mortgage interest $4278 property taxes $4000 charitable contributions Tax credit:none Click the icon to view the 2016 marginal tax rates. The income tax owed is $. (Type an integer or a decimal. Round to the nearest cent as needed.) Use the 2016 marginal tax rates to compute the income tax owed by the following person. Single male, no dependents. Gross income:$82,000 Adjustments: $2000 Deductions: $27,000 mortgage interest $4278 property taxes $4000 charitable contributions Tax credit:none Click the icon to view the 2016 marginal tax rates. The income tax owed is $. (Type an integer or a decimal. Round to the nearest cent as needed.)

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Here are the stepbystep calculations using the 2016 marginal tax rates 1 Gross inco... View the full answer