Use the 2016 marginal tax rates to compute the tax owed by the following person. A single man with a taxable income of $\$ 45,000$ 1) Click the icon to view the 2016 marginal tax rates. The tax owed is $\$ \square$. (Type an integer or a decimal. Round to the nearest cent as needed.)

Step 1 ：The question is asking for the tax owed by a single man with a taxable income of $45,000 using the 2016 marginal tax rates. The 2016 marginal tax rates for a single person are as follows: 10% on income up to $9,275, 15% on income over $9,275 but not over $37,650, 25% on income over $37,650 but not over $91,150, 28% on income over $91,150 but not over $190,150, 33% on income over $190,150 but not over $413,350, 35% on income over $413,350 but not over $415,050, 39.6% on income over $415,050.

Step 2 ：Since the man's income is $45,000, he falls into the third tax bracket. This means he will pay 10% on the first $9,275 of his income, 15% on the income between $9,275 and $37,650, and 25% on the income between $37,650 and $45,000.

Step 3 ：Calculate the tax for each bracket: \(10\% \times 9275 = 927.5\), \(15\% \times (37650 - 9275) = 4256.25\), \(25\% \times (45000 - 37650) = 1837.5\)

Step 4 ：Add up all the taxes: \(927.5 + 4256.25 + 1837.5 = 7021.25\)

Step 5 ：Final Answer: The tax owed by the single man with a taxable income of $45,000 is \(\boxed{7021.25}\)