Jeremty (unmartied) camed

$108,500

in salary and

$6,450

in interest income duting the year Jermys embloyet winhe\ Required:\ a. Delemine Jercmy's tax, tefund on taxes due.\ b. Assume that in addition to the original facts, leremry has

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icng-term capital gain of 54,200 . What is Jereny's taxie includirig the fax ca the capita: gain?

Jeremy (unmarried) eamed $108,500 in salary and $6.450 in interest income during the year Jeremy's employer withhel federal income taxes from Jeremy's paychecks during the year. Jeremy has one qualifying dependent child (age 14) who Jeremy qualifies to file as head of household and has $32.480 in itemized deductions (Use the tax tale schedules, Lax 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 long-term capital gain of $4,200. What is Jeremy's tax re including the tax on the capital gain? Assume the original facts except that Jeremy has only $7.850 in itemized deductions. What is Jeremy's tax refund-