Final answer:
To calculate Clark's tax owed, we first determine his taxable income by subtracting his deduction. Then, we use the tax schedule to find the tax owed based on his taxable income.
Step-by-step explanation:
To calculate the tax owed by Clark, we need to determine his taxable income first. Since Clark took a deduction of $5,000 from his total income of $105,000, his taxable income would be $105,000 - $5,000 = $100,000.
Next, we need to find the tax owed based on the tax schedule. From the information given, we know that Clark's taxable income falls within the tax brackets specified in the table. However, the specific tax rate for his income is not provided, so we cannot calculate the exact amount he owes.
If we assume a tax rate of 20%, the tax owed by Clark would be 20% of $100,000, which is $20,000. However, please note that this is an assumption based on the given information, and the actual tax owed may differ.