Vides 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 sembled the following relevant information . She received $80,000 in salary She received $13,000 of dividend Income . She received 18,200 of Interest income on Home Depot bonds She received $24.500 from the sale of honey stock that was purchased 2 years prior to the sale at a cost of $5.500 She received $9.500 from the sale of Google stock that was purchased 6 months prior to the seat a cost of $4.900 Mary receives one exemption ($4,000), and she has lowable itemired deductions of 57.500. 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 H Doende What is Mary's federal tax liability Round your answer to the nearest cent. Do not found intermediate caution! What is her marginal tax rate? Round your answer to 1 decimal place c. What is herverage tax rate Round your answer to 2 decimal places 325 fx A B C D E F G Taxable income Percentage Amount Paid on Excess on Base over Base $0.00 $0.00 10.00% $0.225.00 $92250 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% $413.200.00 $119.906.25 39.60% Formulas MNIA NA WNA NA WNIA WNA ANIA 4 Dividend Income $13,000.00 5 interest Income $8.200.00 6 LT Stock Sale $24,500.00 7 LT Stock Cost 55,500.00 8 ST Stock Sale $9,500.00 9 ST Stock Cost $4,900.00 10 Personal Exemption $4,000.00 11 Memized Deductions $7,500.00 12 Aplicable Tax Rate on Dividends & LT Capital Gains 15.00% 13 14 a. Calculation of Federal Tax Liability 15 Calculation of Taxable inconfit 16 Salary $80,000.00 17 Interest Income $8,200.00 18 ST Capital Gains $4,000.00 19 Income before Exemption and Deductions 20 Personal Exemption $4,000.00 21 homized Deductions $7,500.00 22 Taxable income before Dividends & LT Capital Gains 23 24 Taxes on Taxable income Belore Dividends & LT Capital Gains: 25 Tox Liability on Base of Bracket 26 Tox Liability on Excess over Bose 27 Tax on Taxable income before donde & LT Capital Gains 28 29 Taxes on Dividends & LT Capital Canin 30 Dividend Income 31 LT Capital Gains Income 32 Total Dividend & LT Capital Gains Income 33 Tax on Dividends & LT Capital Gains Income 34 35 Toto Federal Tax Lability 36 37 b. Calculation of Marginal Tax Rate 38 Marginal Tax Rate 39 40. Cuculation of Average Tax Rate 41 Average Tax Rate 42 43 WNIA ANIA ANIA NA MNIA WNA WNIA WNA INA WNA