Mary Jarvis is a single individual who is working on filling her tax return for the previous year. She has assembled the following relevant information She received $131.000 in salary. . She received $12.500 of dividend income. She received $6,200 of interest income on Home Depot bonds. She received $21,000 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $5,300. She received $13,000 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 itemired 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 answer the questions below. . The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analys X1 Open spreadsheet .. What is Mary's federal tax ability? Round your answer to the nearest cent. Do not round intermediate b. What is her marginal tax rate Round your answer to I decimal place c. What is her average tax rate Round your answer to 2 decimal places Conceptual Overview: Explore the growth of $1 for different compound interest rates across time. The blue curve depicts the change in the future value of 51 with compound interest Move the slider to change the interest rate and observe how the curve for the future value changes, Drag the vertical Cursor in the graph to select different time periods FVy=PV (1 + 1)^ = $1(1 +0.050)3.0 = $1.16 Future Value of $1 Perlod What is the future value of $1 in Period 4 when the interest rate is 5%? a. $1.00 b. $1.16 c. $1.22 d. $1.63 BE Select 2. If the interest rate were 10%, how many periods would it take for the future value to be worth $1.95? a. 3 periods b. 5 periods c. 6 periods d. 7 periods Select 3. Consider the future value of $1 in 10 periods when the interest rate is 5%. When the interest rate doubles to 10%, the future value 1. Increases but by less than double b. Exactly doubles c. Increases by more than double d. cannot be determined ESEM