The spelling of the word "margulies" involves several sounds. The initial sound is /m/, followed by the short /a/ sound as in "cat". The next sound is a voiced velar fricative, represented by /ɣ/ in IPA phonetic transcription. This sound is similar to the "g" sound in the word "go" but is produced further back in the throat. The rest of the word includes the long /u/ sound as in "moon", and the schwa sound /ə/ in the final syllable. Overall, the IPA transcription for "margulies" is /ˈmɑrɡəliːz/.