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

• $169,724.00 of income from all sources
• $8,639.00 in Exclusions
• $6,558.00 in Adjustments
• $16,091.00 in below-the-line Deductions
• $1,934.00 in Credits

For the purposes of this question, assume this is an individual taxpayer. Also assume a standard deduction of $12,550.00.

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

Income	Rate
Up to $9,950	10%
$9,951 to $40,525	12%
$40,526 to $86,375	22%
$86,376 to $164,925	24%
$164,926 to $209,425	32%
$209,426 to $523,600	35%
$523,601 and more	37%