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1 Required Information (The following information applies to the questions displayed below.) Jeremy earned $100,200 in salary and $6,200 in interest income during the year.
1 Required Information (The following information applies to the questions displayed below.) Jeremy earned $100,200 in salary and $6,200 in interest income during the year. Jeremy's employer withheld $11,000 of federal income taxes from Jeremy's paychecks during the year. Jeremy has one qualifying dependent child who lives with him. Jeremy qualifies to file as head of household and has $23,200 in itemized deductions. (Use the tax rate schedules.) 8 01:10:30 b. Assume that in addition to the original facts, Jeremy has a long-term capital gain of $4.550. What is Jeremy's tax refund or tax due including the tax on the capital gain? (Round your Intermediate calculations and final answer to the nearest whole dollar amount.) Amount S 110,900 0 S Description (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Itemized deductions (6) Greater of standard deduction or itemized deductions (7) Taxable income (8) Income tax liability (9) Child tax credit (10) Tax withholding 110,900 16,686 23,200 23,200 87.700 S
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