Drew is filing his tax return as single taxpayer. His taxable income is $39,000. Use the tax table provided to compute Drew’s tax due and effective tax rate. Single Taxpayers: Income Brackets Tax Rate Income Bracket Tax Owed 10% 0 to 9,525 10% of taxable income 12% 9,526 to 38,700 $952.50 plus 12% of the excess over $9,525 22% 38,701 to 82,500 $4,453.50 plus 22% of the excess over $38,700 24% 82,501 to 157,500 $14,089.50 plus 24% of the excess over $82,500 32% 157,501 to 200,000 $32,089.50 plus 32% of the excess over $157,500 35% 200,001 to 500,000 $45,689.50 plus 35% of the excess over $200,000 37% > 500,000 $150,689.50 plus 37% of the excess over $500,000 Drew’s tax due is , and his effective tax rate is .
