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Excel Online Tutorial Excel Online Structured Activity: Personal taxes Mary Jarvis is a single individual who is working on filing her tax return for the

Excel Online Tutorial
Excel Online Structured Activity: Personal taxes
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 $97,000 in salary.
She received $17,000 of dividend income.
She received $8,500 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 $5,800.
She received $9,500 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $5,300. 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.
%
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