3. Mary Parker is 24 years of age, single, lives in an apartment, and

has no dependents. Last year she earned $68,700 as a sales

assistant for TI in Dallas. $5,250 of her wages were withheld for

Federal Incomes taxes. In addition, she had interest income from a

CD of $962. Estimate her taxable income, tax liability, and tax

refund/owed. (Look in your text for the tax

schedules and standard deductions).

Please use calculator and show work! Thanks in advance!