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 $137,000 in salary.
• She received $20,000 of dividend income.
• She received $7,800 of interest income on Home Depot bonds.
• She received $25,000 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $5,300.
• She received $12,500 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $7,500.
• Mary receives one exemption ($4,000), and she has allowable itemized deductions of $7,500. These amounts will be deducted from her gross income to determine her taxable income.