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What is Mary's federal tax liability? Round your answer to the nearest cent. Do not round intermediate calculations. What is her marginal tax rate? Round

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  1. What is Mary's federal tax liability? Round your answer to the nearest cent. Do not round intermediate calculations.
  2. What is her marginal tax rate? Round your answer to 1 decimal place.
  3. What is her average tax 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 $128,000 in salary. - She received $18,500 of dividend income. - She received $7,300 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 $5,400. - She received $11,500 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $6,500. Table 3.52015 Individual Tax Rates Single Individuals Married Couples Filing Joint Returns

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