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Jeremy earned $100,000 in salary and $6,000 in interest income during the year. Jeremy's employer withheld $11,000 of federal income taxes from Jeremy's paychecks during

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Jeremy earned $100,000 in salary and $6,000 in interest income during the year. Jeremy's employer withheld $11,000 of federal income taxes from Jeremy's 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.) b. Assume that in addition to the original facts, Jeremy has a long-term capital gain of $4,000. What is Jeremy's tax refund or tax due Including the tax on the capital gain? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Answer is not complete. Description Amount Gross income $ 110,000 For AGI deductions Adjusted gross income $ 110.000 Standard deduction 18,350 ltemized deductions 23,000 Greater of standard deduction or omized deductions 23.000 Taxable income 87.000 Income tax ability Child tax credit 2.000 Tax withholding 11,000 (5) (8) (9) (10) Tax due If taxable income is over: But not over: The tax is: $ 0 | $ 9,700 10% of taxable income $ 9,700 $ 39,475 $970 plus 12% of the excess over $9,700 $ 39,475 $ 84,200 $4,543 plus 22% of the excess over $39,475 $ 84,200 $160,725 $14,382.50 plus 24% of the excess over $84,200 $160,725 $204,100 $32,748.50 plus 32% of the excess over $160,725 $204,100 $510,300 $46,628.50 plus 35% of the excess over $204,100 $510,300 $153,798.50 plus 37% of the excess over $510,300 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: US $ 0 $ 19,400 $ 19,400 $ 78,950 $ 78,950S $168,400 $168.400 $168,400 $321,450 $321,450 $408.200 $408.200 $612,350 $612,350 The tax is: 10% of taxable income $1,940 plus 12% of the excess over $19,400 $9,086 plus 22% of the ex $9.086 plus 22% of s over $78,950 $28,765 plus 24% of the excess over $168,400 565,497 plus 32% of the excess over $321,450 $93,257 plus 35% of the excess over $408.200 $164,709.50 plus 37% of the excess over $612,350 Schedule Z-Head of Household If taxable income is over: But not over: The tax is: $ 0 $ 13.850 10% of taxable income $ 13,850 $ 52,850 $1,385 plus 12% of the excess over $13.850 $ 52,850 $ 84,200 56,065 plus 22% of the excess over S52,850 $ 84,200 $160,700 S12.962 plus 24% of the excess over $84.200 $160,700 204.100 $31,322 plus 32% of the excess over $160,700 $204,100 $510,300 $45.210 plus 35% of the excess over $204.100 $510, 300 S 152.380 plus 37% of the excess over S510,300

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