Currency 222 D Tancome 510,500.00 14,500.00 522,000.00 $6.500.00 $14,500.00 $4,000.00 34.00000 $7,500.00 1500W Percerage Amount Pion ons over Bone 10.00 10.00 10.00 50,225.00 250 15.00% 337400.00 $3,11025 2500X 100.750.00 $184.25 20 00 $169,750.00 $40,075 25 33 00 5411,500.00 $119,401.25 35 00 3413.200.00 $119.996 25 30.00% 4 Owdf income 5 real income LT Stock Sale LT Stock Cost ST Stock Sale ST Stock Cost 10 Personal Exemption 11 Hameed Deductions 12 Aplicable Tax Rate on Dividende & LT Capital Gain 14 a. Calculation of Federal Tax Liability 15 Calculation of Taxable income 16 Salary 12 Interest Income 18 ST Capital Gains 19 Income before Exemption and Deductions 20 Personal Exemption 21 femized Deductions 22 Taxable income before Dividends & LT Capital Gains 23 24 Taxes on Tumble income Bofore Dividends & LT Capital Gains. 25 Tax Liability on Base of Bracket 26 Tax Laby on Excess over Base 27 Tax on Taxable income before Dividends & LT Capital Gains 28 29 Taxes on Dividends & LT Capital Gains. 30 Dividend Income 31 LT Capital Gains Income Sheet1 + Formulas NA MNIA SNIA WNIA NNA NA NN/A ANIA ONIA ANA WNIA #N/A Citan Murat Workbook Statistics D WNIA WNIA WNIA #N/A INA 27 Tax on Taxable income before Dividends & LT Capital Gains 28 29 Taxes on Dividends & LT Capital Gains 30 Dividend income 31 LT Capital Gains Income 32 Total Dividend & LT Capital Gains Income 33 Tax on Dividends & LT Capital Gains Income 34 35 Total Federal Tax Liability 36 37 b. Calculation of Marginal Tax Rate 38 Marginal Tax Rate 39 40 c. Calculation of Average Tax Rate 1 Average Tax Rate 2 3 #N/A WNIA ONIA Question 1 3.33/10 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: Submit She received $87,000 in salary. She received $10.500 of dividend Income. She received $4,500 of interest income on Home Depot bonds. She received $22,500 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $6,500 She received $14,500 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $4,900. Mary receives one exemption (54,000), and she has allowable itemized deductions of $7,500. These amounts wil be deducted from her gross Income to determine her taxable income. Assume that her tax rates are based on Table 3.5. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet a. What is Mary's federal tax liability? Round your answer to the nearest cent. Do not round Intermediate calculations. $ b. What is her marginal tax rate? Round your answer to a decimal place. 25 % ci What is her average tax rate? Round your answer to 2 decimal places. %