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5. Problem 3.18 (Personal Taxes) ebook Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She

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5. Problem 3.18 (Personal Taxes) ebook Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information: She received $116,000 in salary. She received $11,000 of dividend income . She received $5,000 of Interest Income on Home Depot bonds. . She received $24,500 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $10,000 She received $8.500 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $7,500. . Mary only has allowable itemized deductions of $7,500, so she will take the standard deduction of $12,000 will be deducted from her gross income to determine her taxable come. Assume that her tax rates are based on Table 3.5 What is Mary's federal tax tablity? Enter your answer as a positive value. Do not round intermediate calculations, Round your answer to the nearest cent. 5. What is her marginal tax rate? Do not found intermediate calculations. Round your answer to one decimal place. 24 What is the average tax rateDo not round Intermediate calculations. Round your wiwer to two decimal places. Table 3.5 2018 Individual Tax Rates Single Individuals You Pay This Amount Plus This Percentage on Average Tax If Your Taxable on the Base of the the Excess over the Base Rate at Top of Income is Bracket (Marginal Rate) Bracket Up to $9,525 $0.00 10.0% 10.0% $9,525 - $38,700 952.50 12.0% 11.5% $38,700 - $82,500 4,453.50 22.0% 17.1% $82,500 - $157,500 14,089.50 24.0% 20.4% $157,500 - $200,000 32,089.50 32.0N 22.8% $200,000 - $500,000 45,689.50 35.0% 30.1% Over $500,000 150,689.50 37.0% 37.0% Married couples Filling Joint Returns You Pay This Amount Plus This Percentage on Average Tax If Your Taxable on the Base of the the Excess over the Base Rate at Top of Income is Bracket (Marginal Rate) Bracket Up to $19,050 $0.00 10.0W 10.0W $19,050 - $77,400 1,905.00 12.0% 1159 $77,400 - $165.000 8,907.00 22.0% 17 IN $165,000 - 5315,000 28.179.00 24,0% 20.4 $315,000 - 5400,000 64,179,00 32.0% 22.8% 5400,000 - 5600,000 91,329.00 35.0% 26.9% Over $600,000 161.379.00 37.0% azon

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