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 $92,000 in salary.
• She received $10,500 of dividend income.
• She received $8,300 of interest income on Home Depot bonds.
• She received $24,500 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $6,300.
• She received $9,500 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $5,300.
• 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.

Personal taxes
Salary	$92,000.00		Tax Table for Single Individuals:
Dividend Income	$10,500.00		Taxable Income	Amount Paid on Base	Percentage on Excess over Base
Interest Income	$8,300.00		$0.00	$0.00	10.00%
LT Stock Sale	$24,500.00		$9,225.00	$922.50	15.00%
LT Stock Cost	$6,300.00		$37,450.00	$5,156.25	25.00%
ST Stock Sale	$9,500.00		$90,750.00	$18,481.25	28.00%
ST Stock Cost	$5,300.00		$189,750.00	$46,075.25	33.00%
Personal Exemption	$4,000.00		$411,500.00	$119,401.25	35.00%
Itemized Deductions	$7,500.00		$413,200.00	$119,996.25	39.60%
Apllicable Tax Rate on Dividends & LT Capital Gains	15.00%

a. What is Mary's federal tax liability? Round your answer to the nearest cent. Do not round intermediate calculations.

b. What is her marginal tax rate? Round your answer to 1 decimal place.

c. What is her average tax rate? Round your answer to 2 decimal places.