Question
(How should i find standard deduction ?? Can anyone explain to me clearly? In different math standard deduction is different types of number so i
(How should i find standard deduction?? Can anyone explain to me clearly? In different math standard deduction is different types of number so i am a little confused.)
Jeremy (unmarried) earned $101,000 in salary and $7,000 in interest income during the year. Jeremy's employer withheld $10,000 of federal income taxes from Jeremy's paychecks during the year. Jeremy has one qualifying dependent child (age 14) who lives with him. Jeremy qualifies to file as head of household and has $24,000 in itemized deductions, including $2,000 of charitable contributions to his church. (Use the tax rate schedules.)
Required:
- Determine Jeremy's tax refund or taxes due.
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