Using the formula and methodology demonstrated $in$ class, calculate the income tax for $an$ individual who

has:

$$171,691\mathrm{.}00of$ income from all sources

$$3,877\mathrm{.}00in$ Exclusions

$$12,167\mathrm{.}00in$ Adjustments

$$14,865\mathrm{.}00in$ below$-$the$-$line Deductions

$$730\mathrm{.}00in$ Credits

For the purposes $of$ this question, assume this $isan$ individual taxpayer. Also assume a standard deduction

$of$ $$12,550\mathrm{.}00.$

$In$ calculating the tax, use the following tax rates and brackets:

Answer:

$32,872\mathrm{.}42(27,078\mathrm{.}44)$