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thank you very much :) Mary latvis is a sangle indindusi who is workny on fing hee tax return for the previous yeat She has
thank you very much :)
Mary latvis is a sangle indindusi who is workny on fing hee tax return for the previous yeat She has assembled the folowing relevant informacon: - Stre recerved $80,000 un salizry. - She received $17,500 of diviend income. - She recerved $7,800 of interest ncome on Hown Depot bonds: - Slie recesved $23,000 from the sale of Caney stock that was purchased 2 years phor to the sale at a cost af $8,400. - Mary only has alowable temized deductions of $7,600, so she wal take the standard dedurtion of $12.400. The standard deduction as subiracted fram her gross nicome to deterinize hee? taxable ncome. Assume that her tax rates are based on iable 3.5. a. What is Mary's federal tax labely? Enter vour answer as a posstre value. Do not round intemiestate calculations. Round your answer to the nearmit cent. 5. b. What a het margion tax tate? Do not sound intermedate colaristions. Pound ynat aswer to one decarnal place c. What s ber average tax rate? Do bot round intemnedufe calaibsons. Round your answer to two decinal places. Mary latvis is a sangle indindusi who is workny on fing hee tax return for the previous yeat She has assembled the folowing relevant informacon: - Stre recerved $80,000 un salizry. - She received $17,500 of diviend income. - She recerved $7,800 of interest ncome on Hown Depot bonds: - Slie recesved $23,000 from the sale of Caney stock that was purchased 2 years phor to the sale at a cost af $8,400. - Mary only has alowable temized deductions of $7,600, so she wal take the standard dedurtion of $12.400. The standard deduction as subiracted fram her gross nicome to deterinize hee? taxable ncome. Assume that her tax rates are based on iable 3.5. a. What is Mary's federal tax labely? Enter vour answer as a posstre value. Do not round intemiestate calculations. Round your answer to the nearmit cent. 5. b. What a het margion tax tate? Do not sound intermedate colaristions. Pound ynat aswer to one decarnal place c. What s ber average tax rate? Do bot round intemnedufe calaibsons. Round your answer to two decinal places Step by Step Solution
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