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Jeremy earned $100,600 in salary and $6.600 in interest income during the year. Jeremy's employer withheld $10,000 of federal income taxes from Jeremy's paychecks during

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Jeremy earned $100,600 in salary and $6.600 in interest income during the year. Jeremy's employer withheld $10,000 of federal income taxes from Jeremy's paychecks during the year. Jeremy has one qualifying dependent child (age 14) who lives with him. Jeremy qualifies to file as head of household and has $25,200 in itemized deductions, including $2,000 of charitable contributions to his church. (Use the tax rate schedules.) Problem 4-29 Part-b (Algo) b. Assume that in addition to the original facts, Jeremy has a long-term capital gain of $6,550. 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 complete but not entirely correct. Amount $ 113,750 0 Description (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Itemized deductions (6) Greater of standard deduction or itemized deductions (7) Taxable income (8) Income tax liability (9) Child tax credit (10) Tax withholding Tax due $ 113,750 18,800 25,200 25,200 $ 88,550 IS 13,821 x 3,000 10,000 $ 821 x

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