Jeremy earned $100,000 in salary and $6,000 in interest income during the year. Jeremys employer withheld $11,200 of federal income taxes from Jeremys 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 of 2018

1. Determine Jeremy's tax refund or tax dues.

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

3. Assume the original facts except that Jeremy had only 7K in itemized deductions. What is Jeremy's tax refund or tax due?

2018 Tax Rate Schedules Individuals Schedule X-Single Schedule Z-Head of Household If taxable Income is over: If taxable Income is over: But not But not The tax is: The tax is: over: over: 0 $ 9,525 10% of taxable income $952.50 plus 12% of the excess over $9,525 $4,453.50 plus 22% of the excess over $38,700 $14,089.50 plus 24% of the excess over $82,500 $32,089.50 plus 32% of the excess over $157,500 $45,689.50 plus 35% of the excess over $200,000 $150,689.50 plus 37% of the excess over $500,000 0 $ 1 3,600 $ 9,525 $ 38,700 $ 82,500 $157.500 $200,000 500,000 $.38,700 $ 82,500 $157,500 $200.000 $500,000 $. 13,600 $ 51.800 $ 82,500 $157.500 $200,000 $500,000 $ 51,800 $ 82.500 $157,500 $200.000 $500,000 10% of taxable income $1,360 plus 12% of the excess over $13,600 $5,944 plus 22% of the excess over $51,800 $ 12,698 Plus 24% of the excess over $82,500 $30,698 Plus 32% of the excess over $157,500 $44,298 plus 35% of the excess over $200,000 $149,298 plus 37% of the excess over $500,000 - Schedule Y-1-Married Filing Jolntly or Qualifying Widow(er) Schedule Y-2-Married Fling Separately If taxable income is over: But not If taxable income is over: But not over: The tax is: over: The tax is: 0 $ 9,525 10% of taxable income $952.50 plus 12% of the excess over $9,525 $4,453.50 plus 22% of the excess over $38,700 $14,089.50 plus 24% of the excess over $82,500 $32,089.50 plus 32% of the excess over $157.500 $45,689.50 plus 35% of the excess over $200,000 $80,689.50 ous 37% of the excess over $300,000 0 $. 1 9,050 $. 19,050 $. 77,400 $165,000 $315,000 $400,000 $600,000 $. 77,400 $165,000 $315,000 $400,000 $600,000 10% of taxable income $1,905 plus 12% of the excess over $19.050 $8,907 plus 22% of the excess over $77,400 $28,179 plus 24% of the excess over $165,000 $64,179 plus 32% of the excess over $315,000 $91,379 plus 35% of the excess over $400,000 $161,379 plus 37% of the excess over $600,000 $ 9,525 $. 38,700 $. 82,500 $157,500 $200,000 $300,000 $38,700 $ 82,500 $157,500 $200,000 $300,000