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Mery Jarvis is a tingle ind vidual whic is working en thing he tax return for the previous yean she has wsambled the followns reievant

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Mery Jarvis is a tingle ind vidual whic is working en thing he tax return for the previous yean she has wsambled the followns reievant informaben: - she recened $31,000 in salary. - she rocened $11,500 of dividend income. - She recened $4.200 of reterest incosse on Home Depot bonder. - She receved $21,000 frem the ale of Oisney stock that was purchased 2 years prior to the sale at a cost of ta,000. - She rectived $11,000 from the saln of Coogln whock that was purchased 6 montha prior to the sale at a cost of 34,300. Aostime thot her tax rates are based on ritic 3.5. a. What is Mary's federal tax libbilty? Eeter your anwwer as a postive volve. Do not round intermediate caliculatione Round your ahtwer to the nearest cent. s. 6. What is her marginel two rate? Do not round etermedite calculations. Round yoor anwwe to one detimal place. 2. What is her average tax rate? bo not reurd intermed late calcilations, Hound your answer to twe feomal plects. 3. In.2018, the personal exemption for the taxpayer and dependents was eliminated With the deduction limitation on state and local property, income, and sales taxes and the existence of payroli taxes (Socia) Security and Medicare taxes), the 2020 effective tax rate will be higher than 370 . She received 301,000 in salaryd Stie received 511,500 of dividend income. * She received 44,205 of interest incomse on Home Depse bends, - She received 521,000 from the sale of Disney steck that was purchased 2 yesrs prior to the sale of a coet of fasho. - She received \$11,000 from the sale of coogle steck that was purchated 6 monthe pror to the syle at a cost of 14 iso. Assume that her tax rates are bosed on tabil 3.5. 4. What is Macy's federal tax liability Enter your answer as of potive value. Do not round intermediate calculatisns, Rownd your aramer to the nearest ceet. b. What is her marg nal tax rate? Do not round intecmediate coltulations. Rsund your answer to ane decimsigface

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