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I cant seem to figure out the tax liability....Use 2022 tax rates. Any input would be helpful. Jeremy (unmarrled) earned $102,100 In salary and $8,100
I cant seem to figure out the tax liability....Use 2022 tax rates. Any input would be helpful.
Jeremy (unmarrled) earned $102,100 In salary and $8,100 In Interest Income durlng the year. Jeremy's employer withheld $10,000 of federal Income taxes from Jeremy's paychecks durIng the year. Jeremy has one qualifylng dependent child (age 14) who IIves with him. Jeremy qualifies to file as head of household and has $25,100 in Itemized deductions, Including $2,000 of charitable contributions to hIs church. (Use the Required: a. Determine Jeremy's tax refund or taxes due. b. Assume that In addition to the original facts, Jeremy has a long-term capltal gain of $14,050. What is Jeremy's tax refund or tax due Including the tax on the capltal galn? Note: Round your Intermedlate calculations and final answer to the nearest whole dollar amount. c. Assume the original facts except that Jeremy has only $3,500 In Itemized deductions. Assume the charltable contribution deduction for non-Itemizers applies to 2022 . What is Jeremy's tax refund or tax due? Answer is not complete. Complete this question by entering your answers in the tabs below. Assume that in addition to the original facts, Jeremy has a long-term capital gain of $14,050. 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 amountStep by Step Solution
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