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Jeremy earned $100,600 in salary and $6,600 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 $100,600 in salary and $6,600 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 $25,200 in itemized deductions. (Use the tax rate schedules.) a. Determine Jeremy's tax refund or taxes due. Answer is complete but not entirely correct. Description Amount Gross income $ 113,750 (2) For AGI deductions 0 (3) Adjusted gross income $ 113,750 (4) Standard deduction 18,350 (5) Itemized deductions 25,200 (6) Greator of standard deduction or itemized doductions 25,200 (7) Taxable income $ 88,550 (8) Income tax liability $ 14,0783 (9) Child tax credit 2.000 (10) Tax withholding 11,000 Tax due $ 1,0783 0 Io the questions displayed below) Jeremy earned $100,600 in salary and $6,600 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 $25,200 in itemized deductions. (Use the tax rate schedules.) 5 ats 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.) Book Hint Description Amount (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) temized deductions (6) (7) Taxable income (8) Income tax liability (9) Child tax credit (10) Tax withholding Jeremy earned $100,600 in salary and $6,600 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 $25,200 in itemized deductions. (Use the tax rate schedules.) 25 Dints c. Assume the original facts except that Jeremy has only $7.000 in itemized deductions. What is Jeremy's tax refund or tax due? Book Description Amount Hit Print (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Hemed deductions (6) (7) Taxable income (6) Income tax liability (9) Child tax credit (10) Tax withholding Jeremy earned $100,600 in salary and $6,600 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 $25,200 in itemized deductions. (Use the tax rate schedules.) a. Determine Jeremy's tax refund or taxes due. Answer is complete but not entirely correct. Description Amount Gross income $ 113,750 (2) For AGI deductions 0 (3) Adjusted gross income $ 113,750 (4) Standard deduction 18,350 (5) Itemized deductions 25,200 (6) Greator of standard deduction or itemized doductions 25,200 (7) Taxable income $ 88,550 (8) Income tax liability $ 14,0783 (9) Child tax credit 2.000 (10) Tax withholding 11,000 Tax due $ 1,0783 0 Io the questions displayed below) Jeremy earned $100,600 in salary and $6,600 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 $25,200 in itemized deductions. (Use the tax rate schedules.) 5 ats 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.) Book Hint Description Amount (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) temized deductions (6) (7) Taxable income (8) Income tax liability (9) Child tax credit (10) Tax withholding Jeremy earned $100,600 in salary and $6,600 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 $25,200 in itemized deductions. (Use the tax rate schedules.) 25 Dints c. Assume the original facts except that Jeremy has only $7.000 in itemized deductions. What is Jeremy's tax refund or tax due? Book Description Amount Hit Print (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Hemed deductions (6) (7) Taxable income (6) Income tax liability (9) Child tax credit (10) Tax withholding

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