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Excel Online Structured Activity: Personal taxes - She received $73,000 in salary. - She received $15,000 of dividend income. - She received $4,000 of interest

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Excel Online Structured Activity: Personal taxes - She received $73,000 in salary. - She received $15,000 of dividend income. - She received $4,000 of interest income on Home Depot bonds. - She received $21,500 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $6,700. - She received $11,000 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $6,500. - Mary receives one exemption ($4,000), and she has allowable itemized deductions of $7,500. These amounts will be deducted from her gross income to determine her taxable income. 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 1 decimal place. % c. What is her average tax rate? Round your answer to 2 decimal places. % Table 3.5 2015 Individual Tax Rates Single Individuals Married Couples Filing Joint Returns

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