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

$$131,292\mathrm{.}00$ of income from all sources

$$1,911\mathrm{.}00$ in Exclusions

$$8,114\mathrm{.}00$ in Adjustments

$$5,827\mathrm{.}00$ in below$-$the$-$line Deductions

$$2,369\mathrm{.}00$ in Credits

For the purposes of this question, assume this is an individual taxpayer. Also assume a standard deduction of $$12,550\mathrm{.}00.$

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

$\backslash$table$[[$Income$,$Bate$],[$Up to $$9,950,10\%$