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I just need the first picture answered please. idk what more explanation you need. OTAP a Search this Personal taxes Mary Jarvis is a single

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I just need the first picture answered please. idk what more explanation you need.

OTAP a Search this 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 $139,000 in salary. She received $15,000 of dividend income. She received $5,500 of interest income on Home Depot bonds. She received $22,000 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $5,200, She received $12,000 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $7,000. 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. 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. x1 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. Hile Review View Help Tell me what you want to do Home Insert Data X Cut Arial Copy Paste 3 Format Painter B 10 - A I V D ab - $ % 48 Conditional Formatting Format as Table Undo Clipboard Font Alignment B16 Number Tables 1 Personal taxes 3 Salary $139,000.00 Tax Table for Single Individuals. Taxable Income $15,000.00 $5,500.00 $20,000.00 $5,200.00 $12,000 00 $7,000.00 $4,000.00 $7,500.00 15.00% $0.00 $9,225.00 $37,450.00 $90,750.00 $189,750.00 $411,500.00 $413,200.00 Percentage Amount Paid on Excess on Base over Base $0.00 10.00% $922.50 15.00% $5,156 25 25.00% $18,481.25 28.00% $46,075.25 33.00% $119,40125 35.00% $119,996.25 39.60% 4 Dividend Income 5 Interest Income 6 LT Stock Sale 7 LT Stock Cost 8 ST Stock Sale 9 ST Stock Cost 10 Personal Exemption 11 Itemized Deductions 12 Apllicable Tax Rate on Dividends & LT Capital Gains 13 14 a. Calculation of Federal Tax Liability 15 Calculation of Taxable income: 16 Salary 17 Interest Income 18 ST Capital Gains 19 Income before Exemption and Deductions 20 Personal Exemption 21 Itemized Deductions 22 Taxable income before Dividends & LT Capital Gains Formulas #N/A #N/A #N/A #N/A #NA #N/A #N/A Sheet1 @ + Type here to search p e lle Wild yuu Wallil to do Arial 10 A = X Cut LG Copy Format Painter Paste B I Dabe. A $ - % - Conditional Formatting Format as Table Clipboard Font Undo B16 Alignment Number Tables 13 16 Salary 17 Interest Income 18 ST Capital Gains 19 Income before Exemption and Deductions 20 Personal Exemption 21 Itemized Deductions 22 Taxable income before Dividends & LT Capital Gains #NA #NA #N/A #NA #NA #N/A #NA 23 #NA #NA #N/A Taxes on Taxable income Before Dividends & LT Capital Gains: 25 Tax Liability on Base of Bracket 26 Tax Liability 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 32 Total Dividend & LT Capital Gains Income 33 Tax on Dividends & LT Capital Gains Income #NA #N/A #N/A #N/A 34 35 Total Federal Tax Liability #N/A 36 37 b. Calculation of Marginal Tax Rate 38 Marginal Tax Rate #NA 39 40 c. Calculation of Average Tax Rate 41 Average Tax Rate #N/A Sheet1 + Type here to search Arial - 10 A ag II III General LCopy Paste $ Format Painter B I V D ab .. . $ % 8 Conditic Formatti H indo Clipboard Font Alignment Number 20 Tax Liamy UI EXLUSS Uvel Dase Tax on Taxable income before Dividends & LT Capital Gains #N/A Taxes on Dividends & LT Capital Gains: Dividend Income LT Capital Gains Income Total Dividend & LT Capital Gains Income Tax on Dividends & LT Capital Gains Income #N/A #N/A #NA #N/A Total Federal Tax Liability #N/A b. Calculation of Marginal Tax Rate Marginal Tax Rate #N/A c. Calculation of Average Tax Rate Average Tax Rate #N/A Sheet1 @

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