Question: Please help with these finance problems! Thank you! able for Sinnla Individuale: Excel Online Structured Activity: Persional taxes Mary Jarvis is a single individual who




able for Sinnla Individuale: Excel Online Structured Activity: Persional 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 $104,000 in salary. - She recelved $15,000 of dividend income. - She recelved $3,100 of interest income on Home Depot bonds. - She recelved $25,000 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $5,500. - She recelved $13,000 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $5,300. - Mary receives one exemption ($4,000), and she has allowable itemized deductions of $7,500. These omounts 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 Mieroseft Excel Ontine flle below. Open the spreadsheet and perform the l.jquired analysis to answer the questions below. Open spreodsheet a. What is Mary's federal tox liablitity? Round your answer ta the nearest cent; Do not round intermediate caiculations. Table 3.5 2015 Individual Tax Rates Single Individuals Married Couples Filing Joint Returns - Mary recelves 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 Hability? Round your answer to the nearest cent. Do not round intermediate caiculations: b. What is her marginal tax rate? Round your answer to 1 decimal place. c. What is her average tax ralde Round your answer to 2 decimal places. 4 Dividend Income 5. Interest Income 6 LT Stock Sale 7 LT Stock Cost 8 ST Stock Sale 9 ST Stock Cost 10 Personal Exemption 11 Itemized Deductions 12 Apllicable Tax Rate on Dividends \& LT Capital Gains 13 14 a. Calculation of Federal Tax Liability 15 Calculation of Taxable Income: 16 |Salary $15,000.00$3,100.00$25,000.00$5,500.00$13,000.00$5,300.00$4,000.00$7,500.0015.00% Taxa able for Sinnla Individuale: Excel Online Structured Activity: Persional 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 $104,000 in salary. - She recelved $15,000 of dividend income. - She recelved $3,100 of interest income on Home Depot bonds. - She recelved $25,000 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $5,500. - She recelved $13,000 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $5,300. - Mary receives one exemption ($4,000), and she has allowable itemized deductions of $7,500. These omounts 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 Mieroseft Excel Ontine flle below. Open the spreadsheet and perform the l.jquired analysis to answer the questions below. Open spreodsheet a. What is Mary's federal tox liablitity? Round your answer ta the nearest cent; Do not round intermediate caiculations. Table 3.5 2015 Individual Tax Rates Single Individuals Married Couples Filing Joint Returns - Mary recelves 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 Hability? Round your answer to the nearest cent. Do not round intermediate caiculations: b. What is her marginal tax rate? Round your answer to 1 decimal place. c. What is her average tax ralde Round your answer to 2 decimal places. 4 Dividend Income 5. Interest Income 6 LT Stock Sale 7 LT Stock Cost 8 ST Stock Sale 9 ST Stock Cost 10 Personal Exemption 11 Itemized Deductions 12 Apllicable Tax Rate on Dividends \& LT Capital Gains 13 14 a. Calculation of Federal Tax Liability 15 Calculation of Taxable Income: 16 |Salary $15,000.00$3,100.00$25,000.00$5,500.00$13,000.00$5,300.00$4,000.00$7,500.0015.00% Taxa
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