Use the marginal tax rate chart to answer the question.
Marginal Tax Rate Chart

$0-$10,275
$10,276-$41,175 12%
$41,176-$89,075 22%
$89,076-$170,050 24%

$170,051-$215,950 32%
> $539,901
10%
$215,951-$539,900 35%
O $4,735.38
O $6,600.44
Determine the amount of taxes owed on a taxable income of $49,652.
O $7,709.92
O$10,293.44
37%