YOUR ASSIGNMENT: 1. You are a single person with no dependents, earning a salary of $47,810. You have no adjustments to your income. Use the information provided to find your taxable income. Use this equation: taxable income = gross income - (adjustments + deductions + exemptions) Then find your tax liability. Explain how you found your answer. (6 points: 3 for the correct answer, 3 for the supporting explanation)