Suppose You Are Hired by the Federal Reserve Bank of Chicago

Suppose you are hired by the Federal Reserve Bank of Chicago as a financial analyst and your starting salary is $75,000. Use the following table to calculate your total income tax burden. Show your work.
$$\begin{array} { l l } \hline { \text { 2012 Federal Income Tax Brackets } } \\\hline \text { Taxable Income } & \text { Tax Rate } \\\hline \$ 0 - 8,700 & 10 \text { percent } \\\$ 8,701 - \$ 35,350 & 15 \text { percent } \\\$ 35,351 - \$ 85,650 & 25 \text { percent } \\\$ 85,651 - \$ 178,650 & 28 \text { percent } \\\$ 178,651 - \$ 388,350 & 33 \text { percent } \\\text { Over } \$ 388,350 & 35 \text { percent } \\\hline\end{array}$$