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Jeremy earned $101,300 in salary and $7,300 in interest income during the year. Jeremys employer withheld $10,000 of federal income taxes from Jeremys paychecks during

Jeremy earned $101,300 in salary and $7,300 in interest income during the year. Jeremys employer withheld $10,000 of federal income taxes from Jeremys 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 $28,700 in itemized deductions, including $2,000 of charitable contributions to his church. (Use the tax rate schedules.)

Assume that in addition to the original facts, Jeremy has a long-term capital gain of $10,050. What is Jeremys 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.)

Please find income tax liability and tax due values.

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Schedule Z-Head of Household If taxable income is over:But not over: The tax is: $ 0 $ 14,200 10% of taxable income $ 14,200 $ 54,200 $1,420 plus 12% of the excess over $14,200 $ 54,200 $ 86,350 $6,220 plus 22% of the excess over $54,200 $ 86,350 $ 164,900 $13,293 plus 24% of the excess over $86,350 $ 164,900 $ 209,400 $32,145 plus 32% of the excess over $164,900 $ 209,400 $ 523,600 $46,385 plus 35% of the excess over $209,400 $ 523,600 $156,355 plus 37% of the excess over $523,600 b. Assume that in addition to the original facts, Jeremy has a long-term capital gain of $10,050. 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. Amount $ 118,650 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 $ 118,650 18,800 28,700 28,700 $ 89,950 (8) Income tax liability (9) Child tax credit 3,000 10,000 (10) Tax withholding Tax due

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