Question
1. Jeremy earned $95,000 in salary and $6,000 in interest income in the current year. Jeremys employer withheld $11,200 of federal income taxes from Jeremys
1. Jeremy earned $95,000 in salary and $6,000 in interest income in the current year. Jeremys employer withheld $11,200 of federal income taxes from Jeremys paychecks during the year. Jeremy has one qualifying dependent child who lives with him. Jeremey qualifies to file as head of household and has $23,000 in itemized deductions. What is Jeremys tax refund or taxes due?
2. Jeremy earned $95,000 in salary, $6,000 in interest income and a long-term capital gain of $4,000 during the current year. Jeremys employer withheld $11,200 of federal income taxes from Jeremys paychecks during the year. Jeremy has one qualifying dependent child who lives with him. Jeremy qualifies to file as head of household and has $23,000 in itemized deductions. What is Jeremys tax refund or taxes due?
3. Jeremy earned $95,000 in salary and $6,000 in interest income during the year. Jeremys employer withheld $11,200 of federal income taxes from Jeremys paychecks during the year. Jeremy has one qualifying dependent child who lives with him. Jeremey qualifies to file as head of household and has $7,000 in itemized deductions. What is Jeremys tax refund or taxes due?
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Loose Leaf For Financial Accounting Fundamentals
Authors: John Wild, Ken Shaw, Barbara Chiappetta
6th Edition
1260151980, 978-1260151985
