Use the 2021 marginal tax rates in the table to compute the tax owed by the person with the given filing status and taxable income. The person is single with a taxable income of 43,000.

To compute the tax owed by a single person with a taxable income of $43,000 using the 2021 marginal tax rates, we follow the steps below. These rates break the income into brackets and tax each portion at the appropriate rate.

### 2021 Marginal Tax Rates for Single Filers
1. **10%** on income up to $9,950.
2. **12%** on income over $9,950 and up to $40,525.
3. **22%** on income over $40,525 and up to $86,375.

The taxable income of $43,000 falls into three brackets: part of the income is taxed at 10%, part at 12%, and part at 22%.

### Steps to Calculate the Tax:
1. **First bracket: $0 to $9,950 at 10%**
   - Tax: $ 9,950 \times 0.10 = 995 $

2. **Second bracket: $9,951 to $40,525 at 12%**
   - Amount taxed: $ 40,525 - 9,950 = 30,575 $
   - Tax: $ 30,575 \times 0.12 = 3,669 \ $

3. **Third bracket: $40,526 to $43,000 at 22%**
   - Amount taxed: $ 43,000 - 40,525 = 2,475 $
   - Tax: $ 2,475 \times 0.22 = 544.50 $

### Total Tax Owed:
- Tax from the first bracket: $995
- Tax from the second bracket: $3,669
- Tax from the third bracket: $544.50

\[
\text{Total Tax Owed} = 995 + 3,669 + 544.50 = 5,208.50
\]

### Final Answer:
The total tax owed by the single person with a taxable income of $43,000 is **$5,208.50**.

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Would you like more details or clarification on any part of this? Here are some related questions for further practice:

1. What is the tax owed by a single filer with an income of $50,000?
2. How would the calculation change for a married couple filing jointly?
3. What would the tax be for a head of household filer with $43,000 taxable income?
4. How would tax credits impact the total tax owed in this situation?
5. What is the difference between marginal tax rates and effective tax rates?

**Tip:** Remember, marginal tax rates apply to portions of income, not the total amount, which is why income is taxed in brackets.

Learn how to compute the tax owed by a single filer with a taxable income of $43,000, using 2021 marginal tax rates. This step-by-step guide covers the income tax brackets and calculations, helping to break down the total tax of $5,208.50 owed by the individual.

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