The 2016 Federal Income Tax Brackets for a single filer are as follows:

Taxable Income

Tax Rate

$0 to $9,275

10%

$9,276 to $37,650

$37,651 to $91,150

$91,151 to $190,150

$190,151 to $413,350

$413,351 to $415,050

$415,051 or more

$927.50 plus 15% of the amount over $9,275

$5,183.75 plus 25% of the amount over $37,650

$18,558.75 plus 28% of the amount over $91,150

$46,278.75 plus 33% of the amount over $190,150

$119,934.75 plus 35% of the amount over $413,350

$120,529.75 plus 39.6% of the amount over $415,050

Suppose a single person makes $385,576 in taxable income.

How much does he/she owe in taxes? $

What is his/her effective tax rate?

(round to the nearest cent)

% (round to two decimal places)