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a. Determine Jeremy's tax refund or taxes due. Description Amount (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5)

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a. Determine Jeremy's tax refund or taxes due. Description Amount (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 $ 107,400 $ 107,400 $ 107,400 Required information Problem 4-28 (LO 4-1) The following information applies to the questions displayed below] Jeremy earned $100,700 in salary and $6,700 in interest income during the year. Jeremy's employer withheld $11,200 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 $25,700 in itemized deductions. (Use the tax rate schedules.) Problem 4-28 Part-a a. Determine Jeremy's tax refund or taxes due. Description Amount 107,400 (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction $ 107,400

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