(Solved): ack to Assignment Attempts \( \quad \) Keep the Highest \( 0 / 3 \) 1. Ch03 Financial Planning Exe ...

ack to Assignment Attempts \( \quad \) Keep the Highest \( 0 / 3 \) 1. Ch03 Financial Planning Exercise 2 Chapter 3 Financial Planning Exercise 2 Estimating taxable income, tax liability, and potential refund The standard deduction in 2018 was \( \$ 12,000 \) for single. The appropriate tax rate schedule is shown below: EXHIBIT \( 3.3 \) Sample Tax Rate Schedules Tax rates levied on personal income vary with the amount of reported taxable income and the taxpayer's filing status. 2018 Tax Rate Schedules a. Estimate her taxable income. 4 c. Estimate her tax refund or tax owed. Enter tax owed, if any, as negative amount. Round the answer to the nearest cent. \( \$ \)