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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 $116,000 in salary. - She received $13,000 of dividend income. - She received $4,600 of interest income on Home Depot bonds. - She received $24,000 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $6,100. - She received $15,000 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $5,700. - Mary recelves 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. Assume that her tax rates are based on Table 3.5. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet a. What is Mary's federal tax liability? Round your answer to the nearest cent. Do not round intermedlate calculations. b. What is her marginal tax rate? Round your answer to 1 decimal place. c. What is her average tox rate? Round your answer to 2 decimal places. 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 $116,000 in salary. - She received $13,000 of dividend income. - She received $4,600 of interest income on Home Depot bonds. - She received $24,000 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $6,100. - She received $15,000 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $5,700. - Mary recelves 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. Assume that her tax rates are based on Table 3.5. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet a. What is Mary's federal tax liability? Round your answer to the nearest cent. Do not round intermedlate calculations. b. What is her marginal tax rate? Round your answer to 1 decimal place. c. What is her average tox rate? Round your answer to 2 decimal places

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