Video Excel Online Structured Activity: Personal taxes 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 $14,000 of dividend income. N She received $3,200 of interest income on Home Depot bonds. She received $24,500 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $6,500. . She received $10,000 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $7.600. Mary receives 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 intermediate calculations, Back Next e 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 intermediate calculations. $ b. What is her marginal tax rate? Round your answer to 1 decimal place. % c. What is her average tax rate? Round your answer to 2 decimal places. % Fort Alignment Number Tables Cells Clipboard f D Personal taxes Salary w Tax Table for Single Individuals: Taxable income Dividend Income Interest Income LT Stock Sale LT Stock Cost ST Stock Sale ST Stock Cost o Personal Exemption 11 Itemized Deductions 2 Aplicable Tax Rate on Dividends & LT Capital Gains 10 a. Calculation of Federal Tax Liability 15 Calculation of Taxable income 16 Salary 17 Interest Income 18 ST Capital Gains Income hainre Fremtinn and durinn $14,000.00 $3,200.00 $24,500 00 $6,500.00 $10.000.00 $7600.00 $4,000.00 $7,500.00 15.00% Percentage Amount Paid on Excess on Base over Base 50 00 $0.00 10.00% 59.225 00 $922.50 15.00% $37.450.00 $5.156.25 25.00% $90.750.00 $18.481.25 28.00% $189.750.00 $46,075,25 33.00% $411.500.00 $119.401.25 35.00% 5413.200.00 $119.996 25 39.60% Formulas #N/A ANIA NA Sheet1 Calculation Mode: Automatic Workbook Statis D Type here to search RI