2007 Federal Income Tax TableSingle:OverBut not overThe tax is$0$7,82510% of the amount over $0$7,825$31,850$788 + 15% of the amount over $7,825$31,850$77,100$4,386 +25% of the amount over $31,850D$77,100$160,850$15,699 +28% of the amount over $77,100$160,850 $349,700$39,149 + 33% of the amount over $160,850$349,700 And Over$101.469 +35% of the amount over $349,700Tim Tradesman estimates his taxable income will be $7,500. He is paid every two weeks or 26 times a year. BecauseTim has only one source of income, he uses the Tax Tables to estimate how much will be deducted form his pay forwithholdingg1. Finds the tax rate for his income level. =%2. Enters the base amount. - $3. Enters the amount of tax owed. = $4. Divides by=$