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Hi I just need help getting (8). I keep getting 13634 which is incorrect Problem 4-28 (LO 4-1) (The following information applies to the questions
Hi I just need help getting (8). I keep getting 13634 which is incorrect
Problem 4-28 (LO 4-1) (The following information applies to the questions displayed below.) Part 2 of 3 Jeremy earned $100,000 in salary and $6,000 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 $23,000 in itemized deductions. (Use the tax rate schedules.) 0.26 points Problem 4-28 Part-b b. Assume that in addition to the original facts, Jeremy has a long-term capital gain of $4,000. 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.) Answer is not complete. Description Gross income For AGI deductions Adjusted gross income Standard deduction Itemized deductions Greater of standard deduction or itemized deductions Taxable income Income tax liability Child tax credit Tax withholding Tax due Amount $ 110,000 0 $ 110,000 18,350 23,000 23,000 $ 87,000 (8) (9) (10) 2,000 11,000Step by Step Solution
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