Mary Jarvis is a single individual who is working on filing her tax return for the...

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Mary Jarvis is a single individual who is working on filing hertax return for the previous year. She has assembled the followingrelevant information: She received $105,000 in salary. She received$16,500 of dividend income. She received $6,800 of interest incomeon Home Depot bonds. She received $21,000 from the sale of Disneystock that was purchased 2 years prior to the sale at a cost of$5,100. She received $13,500 from the sale of Google stock that waspurchased 6 months prior to the sale at a cost of $7,700. Maryreceives one exemption ($4,000), and she has allowable itemizeddeductions of $7,500. These amounts will be deducted from her grossincome to determine her taxable income. Assume that her tax ratesare based on Table 3.5. The data has been collected in theMicrosoft Excel Online file below. Open the spreadsheet and performthe required analysis to answer the questions below.
What is Mary's federal tax liability? Round your answer to thenearest cent. Do not round intermediate calculations.
What is her marginal tax rate? Round your answer to 1 decimalplace. 28%
What is her average tax rate? Round your answer to 2 decimalplaces.

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Answer A Federal tax liability 14314 B Marginal tax rate 280 C Average tax rate 1034 1431424 106100 32400 1034 Working Notes Mary Jarvis taxable See Answer

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Mary Jarvis is a single individual who is working on filing hertax return for the previous year. She has assembled the followingrelevant information: She received $105,000 in salary. She received$16,500 of dividend income. She received $6,800 of interest incomeon Home Depot bonds. She received $21,000 from the sale of Disneystock that was purchased 2 years prior to the sale at a cost of$5,100. She received $13,500 from the sale of Google stock that waspurchased 6 months prior to the sale at a cost of $7,700. Maryreceives one exemption ($4,000), and she has allowable itemizeddeductions of $7,500. These amounts will be deducted from her grossincome to determine her taxable income. Assume that her tax ratesare based on Table 3.5. The data has been collected in theMicrosoft Excel Online file below. Open the spreadsheet and performthe required analysis to answer the questions below.What is Mary's federal tax liability? Round your answer to thenearest cent. Do not round intermediate calculations.What is her marginal tax rate? Round your answer to 1 decimalplace. 28%What is her average tax rate? Round your answer to 2 decimalplaces.