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federal income taxes from Jeremy's paychecks during the year. Jeremy has one qualifying dependent child ( age 1 4 ) who lives with him. Jeremy
federal income taxes from Jeremy's paychecks during the year. Jeremy has one qualifying dependent child age who lives with him.
Jeremy qualifies to file as head of household and has $ in itemized deductions. Use the tax rate schedules, Tax rates for Net
Capital Gains and Qualified Dividends.
Required:
a Determine Jeremy's tax refund or taxes due.
b Assume that in addition to the original facts, Jeremy has a longterm capital gain of $ What is Jeremy's tax refund or tax due
including the tax on the capital gain?
c Assume the original facts except that Jeremy has only $ in itemized deductions. What is Jeremy's tax refund or tax due?
Required A
Determine Jeremy's tax refund or taxes due.
Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.
Tax Rates for Net Capital Gains and Qualified Dividends
Required B
Assume that in addition to the original facts, Jeremy has a longterm capital gain of $ What is Jeremy's tax refund or
tax due including the tax on the capital gain?
Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.
Assume the original facts except that Jeremy has only $ in itemized deductions. What is Jeremy's tax refund or tax due?
Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.
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