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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 $
Mary only has allowable itemized deductions of $ ?so she will take the standard deduction of $ ?The standard deduction is subtracted from her gross income income.
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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