Jeremy earned $100,000 in salary and $6,000 in interest income during the year. Jeremys employer withheld $11,000 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.

ANSWER ALL THREE PARTS OF THE QUESTION THIS IS ONE QUESTION PLEASE COMPLETE IN EXCEL LIKE AS FOLLOWS

a. determine Jeremys tax return or taxes due

b. Assume Jeremy has a long term of capital gain of 4,0000. what is his tax return or tax due, due to his capital gain

c. assume the original facts except Jeremy has only 7,000 in itemized deductions. What is Jeremy's tax return or tax due?

Item	Part a	Part b
Wages, Salaries, Tips
Interest Income
Dividend Income
IRAs, Pension Income
Social Security Benefits (taxable part)
Capital Gains
Schedule 1 Additions (line 9 of Schedule 1)
Total Income (Add lines 1, 2b,3b,4b,5b,6,7a)
Schedule 1 Subtractions (line 22 of Schedule 1)
Adjusted Gross Income (AGI); [Line 7b - Line 8a]
Standard OR Itemized Deductions (you do not need a full schedule A; just report the larger of itemized or standard)
Qualified business income deduction (Section 199A)
Add Lines 9 and Line 10
Taxable Income (Line 8b - Line 11a)
Tax (either from tax table or Cap gain worksheet)
This will be Line 12a for us (Schedule 2, Line 3 AMT=0)
Child tax credit or credit for other dependents
This will be Line 13a for us (Schedule 3, Line 7 will be 0)
Line 12b - Line 13b; If negative, enter zero
Other taxes
Total Tax = Line 14 + Line 15
Federal tax withheld on W-2 and 1099
Refundable credits and other payments, sum 8a to 8d
Total payments (line 17 + line 18e)
Amount Overpaid (Line 19 - Line 16)
Amount of refund sent to you
Amount of refund applied to 2020 tax
Amount you owe (Line 16 - Line 19)
Line 12a Worksheet	Part a	Part b
Line 1: Form 1040, Line 11b (Taxable Income)
Line 2: Form 1040, Line 3a (Qualified dividends)
Line 3: Line 6
Line 4: Add Lines 2 and 3
Line 5: Investment interest expense
Line 6: Line 4 - Line 5
Line 7: Line 1 - Line 6
Line 8: Statutory cutoff for 15% rate: $39,375 single; $78,750 MFJ
Line 9: Smaller of Line 1 or Line 8
Line 10: Smaller of Line 7 or Line 9
Line 11: Line 9 - Line 10: Amount taxed at 0%
Line 12: Smaller of Line 1 or Line 6
Line 13: Amount from Line 11
Line 14: Line 12 - Line 13
Line 15: Statutory cutoffs for 15%/20% rate: $434,500 Single; $488,850 MFJ
Line 16: Smaller of Line 1 or Line 15
Line 17: Add Lines 7 and Line 11
Line 18: Line 16 - Line 17 (if negative, enter 0)
Line 19: Smaller of Line 14 or Line 18
Line 20: Multiply line 19 by 15% Amount taxed at 15%
Line 21: Add Line 11 and Line 19
Line 22: Line 12 - Line 21
Line 23: Line 22 * 20% Amount taxed at 20%
Line 24: Tax on line 7, using tables
Line 25: Add Lines 20, 23, and 24
Line 26: Tax on all income or tax on Line 1
Line 27: Tax on all taxable income: Smaller of Line 25 or Line 26

c.