Jim Simpson has gathered the following information for his 2020 federal tax return; Amount ($) Earnings from wages 49,500.00 Interest earned from GIC 125.00 Eligible dividend income 200.00 RRSP deduction 2,500.00 Savings account interest 75.00 Child care deduction 6,700.00 480.00 Union Dues Total non-refundable tax credit amounts Federal income tax deducted at source Filing status - head of household 13,800.00 7,168.00 Calculate the following items from his annual return and match the correct values from the drop-down list on the right Federal income tax source 7,168.00 Filing status - head of household Calculate the following items from his annual return and match the correct values from the drop-down list on the right. Total Income Choose... 15% Total Deductions $26,420.00 Taxable income $3,974.40 $23,480.00 Federal Tax Liability $9,690.00 $47,976.00 Average Federal Tax Rate $6,044.40 $2,070.00 Refund Amount $46,520.00 7.95% $40,296.00 $2,980.00 What is the marginal fede $3,963.00 $49,900.00 12.11% Select one: $3,193.60 A. 20.5% $49,500.00 OB 33% $1,123.60 17 2021 for an income of $40,000 out of