Question: She received $ 1 1 6 , 0 0 0 in salary She received $ 1 7 , 5 0 0 of dividend income She

She received $116,000 in salary She received $17,500 of dividend income She received $5,400 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 $6,700 She received $12,000 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 (54000) 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 marys federal tax liability, marginal tax rate and average tax rate?

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