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 $89,000 in salary She received $18,500 of dividend income She received $8,200 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 $8,700 She received $14,500 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $6,500 Mary only has allowable itemized deductions of $6,500, so she will take the standard deduction of $12,000 will be deducted from her gross income to determine her taxable income Assume that her tax rates are based on Table 3 5 What is Mary's federal tax liability Enter your answer as a positive value Do not round intermediate calculations Round your answer to the nearest cent Please show work $ What is her marginal tax rate Do not round intermediate calculations Round your answer to one decimal place Please show work What is her average tax rate Do not round intermediate calculations Round your answer to two decimal places Please show work Table 3 5 2018 Individual Tax Rates Single Individuals If Your Taxable Income Is Up to $9,525 $9,525 $38,700 $38,700 $82,500 $82,500 $157,500 $157,500 $200,000 $200,000 $500,000 Over $500,000 You Pay This Amount Plus This Percentage on Average Tax on the Base of the the Excess over the Base Rate at Top of Bracket (Marginal Rate) Bracket $0 00 10 0 10 0 952 50 12 0 11 5 4,453 50 22 0 17 1 14,089 50 24 0 20 4 32,089 50 32 0 22 8 45,689 50 35 0 30 1 150,689 50 37 0 37 0 Married couples Filing Joint Returns If Your Taxable Income is Up to $19,050 $19,050 $77,400 $77,400 $165,000 $165,000 $315,000 $315,000 $400,000 $400,000 $600,000 Over $600,000 You Pay This Amount Plus This Percentage on Average Tax on the Base of the the Excess over the Base Rate at Top of Bracket (Marginal Rate) Bracket $0 00 10 0 10 0 1,905 00 12 0 11 5 8,907 00 22 0 17 1 28,179 00 24 0 20 4 64,179 00 32 0 22 8 91,379 00 35 0 26 9 161,379 00 37 0 37 0

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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 $89,000 in salary.
She received $18,500 of dividend income.
She received $8,200 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 $8,700.
She received $14,500 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $6,500.
Mary only has allowable itemized deductions of $6,500, so she will take the standard deduction of $12,000 will be deducted from her gross income to determine her taxable income.

Assume that her tax rates are based on Table 3.5.

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What is Mary's federal tax liability? Enter your answer as a positive value. Do not round intermediate calculations. Round your answer to the nearest cent. Please show work

$
What is her marginal tax rate? Do not round intermediate calculations. Round your answer to one decimal place. Please show work

%
What is her average tax rate? Do not round intermediate calculations. Round your answer to two decimal places. Please show work

%

Table 3.5 2018 Individual Tax Rates Single Individuals If Your Taxable Income Is Up to $9,525 $9,525 - $38,700 $38,700 - $82,500 $82,500 - $157,500 $157,500 - $200,000 $200,000 - $500,000 Over $500,000 You Pay This Amount Plus This Percentage on Average Tax on the Base of the the Excess over the Base Rate at Top of Bracket (Marginal Rate) Bracket $0.00 10.0% 10.0% 952.50 12.0% 11.5% 4,453.50 22.0% 17.1% 14,089.50 24.0% 20.4% 32,089.50 32.0% 22.8% 45,689.50 35.0% 30.1% 150,689.50 37.0% 37.0% Married couples Filing Joint Returns If Your Taxable Income is Up to $19,050 $19,050 - $77,400 $77,400 - $165,000 $165,000 - $315,000 $315,000 - $400,000 $400,000 - $600,000 Over $600,000 You Pay This Amount Plus This Percentage on Average Tax on the Base of the the Excess over the Base Rate at Top of Bracket (Marginal Rate) Bracket $0.00 10.0% 10.0% 1,905.00 12.0% 11.5% 8,907.00 22.0% 17.1% 28,179.00 24.0% 20.4% 64,179.00 32.0% 22.8% 91,379.00 35.0% 26.9% 161,379.00 37.0% 37.0%