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 $121,000 in salary.

She received $17,500 of dividend income.

She received $5,900 of interest income on Home

Depot bonds.

She received $21,500 from the sale of Disney stock

that was purchased 2 years prior to the sale at a

cost of $8,800.

She received $10,500 from the sale of Google

stock that was purchased 6 months prior to the

sale at a cost of $5,400.

Mary only has allowable itemized deductions of

$5,400, so she will take the standard deduction of

$12,400.

The standard deduction is subtracted 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.

$

What is her marginal tax rate? Do not round

intermediate calculations. Round your answer to

one decimal place.

%

What is her average tax rate? Do not round

intermediate calculations. Round your answer to

two decimal places.

%