Jeremy earned $100,000 in salary and $6,000 in interest income during the year. Jeremy has two qualifying dependent children who live with him. He qualifies to file as head of household and has $17,000 in itemized deductions. Neither of his dependents qualifies for the child tax credit. (use the tax rate schedules.). (Do not round intermediate calculations. Round "Income tax liability" to 2 decimal places.)

a. Use the 2016 tax rate schedules to determine Jeremys taxes due.

(1) Gross income $ (2) For AGI deductions

(3) Adjusted gross income $ (4) Standard deduction (5) Itemized deductions (6) of standard deductions or itemized deductions

(7) Personal and dependency exemptions (8) Taxable income $ Income tax liability $

Assume the original facts except that Jeremy had only $7,000 in itemized deductions. What is Jeremys total income tax liability?

(1) Gross income $ (2) For AGI deductions

(3) Adjusted gross income $ (4) Standard deduction (5) Itemized deductions (6) of standard deductions or itemized deductions

(7) Personal and dependency exemptions (8) Taxable income $ Income tax liability $

b. Assume that in addition to the original facts, Jeremy has a long-term capital gain of $4,000. What is Jeremys tax liability including the tax on the capital gain?

(1) Gross income $ (2) For AGI deductions

(3) Adjusted gross income $ (4) Standard deduction (5) Itemized deductions (6) of standard deductions or itemized deductions

(7) Personal and dependency exemptions (8) Taxable income $ Income tax liability $

c. Assume the original facts except that Jeremy had only $7,000 in itemized deductions. What is Jeremys total income tax liability?

(1) Gross income $ (2) For AGI deductions

(3) Adjusted gross income $ (4) Standard deduction (5) Itemized deductions (6) of standard deductions or itemized deductions

(7) Personal and dependency exemptions (8) Taxable income $ Income tax liability $