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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:
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 $ in salary.
She received $ of dividend income.
She received $ of interest income on Home Depot bonds.
She received $ from the sale of Disney stock that was purchased years prior to the sale at a cost of $
She received $ from the sale of Google stock that was purchased months prior to the sale at a cost of $
Assume that her tax rates are based on Table
a 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.
$
b What is her marginal tax rate? Do not round intermediate calculations. Round your answer to one decimal place.
c What is her average tax rate? Do not round intermediate calculations. Round your answer to two decimal places.
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