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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

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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 . She received $115.000 in salary . She received $11.000 of dividend income . She received $6.600 of interest income on Home Depot bonds. . She received $21.000 from the sale of Disney stock that was purchased 2 years prior to the sale cost of $6.300. . She received $12.500 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $5.600 Mary receives one motion (54.000).and she has allowablemi deductions of $7.500. The mount be deducted from her income to t h e income Assume that her tax rates are based on Questions below te . The data has been collected in the Microsoft Online file below. Open the spreadsheet and perform the required to the Open spreadsheet . What is Mary's federal tax liability Round your answer to the nearest cant. Do not round warm t e calculations What is her marginal Roundurante 1 decimal What is her average tax rate Round your answer to 2 decimal places Table 3.5 2015 Individual Tax Rates Single Individuals You Pay This Amount on the Base of the Bracket If Your Taxable Income Is Up to $9,225 $9,225-537,450 S37,450-$90.750 $90,750-$189.750 $189,750-S411,500 S411,500-$$413,200 Over $413,200 922.50 5,156.25 18,481.25 46,075.25 119,401.25 119.996.25 Plus This Percentage on the Excess over the Base (Marginal Rate) 10.0% 15.0 25.0 28.0 33.0 35.0 39.6 Average Tax Rate at Top of Bracket 10.0% 13.8 20.4 24.3 29.0 29.0 39.6 Married Couples Filing Joint Returns If Your Taxable Income Is Up to $18,450 S18,450-$74,900 $74.900-5151,200 S151,200-$230,450 $230,450-$411,500 S411,500-$464,850 Over S464,850 You Pay This Amount on the Base of the Bracket S 0 1,845.00 10,312.50 29,387.50 51,577.50 111,324.00 129,996.50 Plus This Percentage on the Excess over the Base (Marginal Rate) 10.0% 15.0 25.0 28.0 33.0 35.0 39.6 Average Tax Rate at Top of Bracket 10.0% 13.8 19.4 22.4 27.1 28.0 39.6

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