Reference no: EM132766310

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 $133,000 in salary.
-She received $17,500 of dividend income.
-She received $6,300 of interest income on Home Depot bonds.
-She received $21,000 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $6,400.
-She received $13,000 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $6,100.
-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.
-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 your answer to 1 decimal place.
-What is her average tax rate? Round your answer to 2 decimal places.