Use the marginal tax rate chart to answer the question.


Marginal Tax Rate Chart
Tax Bracket Marginal Tax Rate
$0–$10,275 10%
$10,276–$41,175 12%
$41,176–$89,075 22%
$89,076–$170,050 24%
$170,051–$215,950 32%
$215,951–$539,900 35%
> $539,901 37%


Determine the amount of taxes owed on a taxable income of $38,520.