Final answer:
Allie's taxable income is calculated by subtracting her exemption from her AGI, resulting in $13,645. To find her tax, this value is then used with a tax table to determine the total tax owed. The steps include identifying the correct income range and applying the tax rate to the amount over the lower threshold.
Step-by-step explanation:
The student in question is Allie, who is single with an adjusted gross income (AGI) of $26,045 and one exemption of $12,400. To find Allie's taxable income, we need to subtract the exemption from her AGI. Thus, her taxable income is calculated as $26,045 - $12,400 = $13,645. Using the given tax table similar to the example with the standard deduction, we need to find which range her taxable income falls into. Once that's located, we would calculate her tax owed by adding the base amount of tax for that range to the product of the excess income over the lower threshold of the range times the tax rate for that range. However, without the specific tax table ranges and rates, we cannot calculate the exact tax amount, but the process would follow the same steps.