Jeremy earned $101,400 in salary and $7,400 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 $29,200 in itemized deductions (Use the tax rate schedules ) Schedule Z Head of Household If taxable income is over But not over The tax is $ 0 $ 14,100 10 of taxable income $ 14,100 $ 53,700 $1,410 plus 12 of the excess over $14,100 $ 53,700 $ 85,500 $6,162 plus 22 of the excess over $53,700 $ 85,500 $163,300 $13,158 plus 24 of the excess over $85,500 $163,300 $207,350 $31,830 plus 32 of the excess over $163,300 $207,350 $518,400 $45,926 plus 35 of the excess over $207,350 $518,400 $154,793 50 plus 37 of the excess over $518,400 a Determine Jeremys tax refund or taxes due (finish table) Description Amount Gross Income 108,800 For AGI deductions 0 Adjusted gross income 108,800 Standard deduction itemized deductions 29,200 greater of standard deduction or itemized deductions 29,200 taxable income 79,600 income tax liability Child tax credit 2,000 tax withholding 11,000 tax due b Assume that in addition to the original facts, Jeremy has a long term capital gain of $10,550 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 ) Description Amount Gross Income For AGI deductions 0 Adjusted gross income Standard deduction itemized deductions greater of standard deduction or itemized deductions taxable income income tax liability Child tax credit 2,000 tax withholding tax due c Assume the original facts except that Jeremy has only $7,000 in itemized deductions What is Jeremys tax refund or tax due Description Amount Gross Income For AGI deductions 0 Adjusted gross income Standard deduction itemized deductions greater of standard deduction or itemized deductions taxable income income tax liability Child tax credit 2,000 tax withholding tax due

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Jeremy earned $101,400 in salary and $7,400 in interest income during the year. Jeremys employer withheld $11,000 of federal income taxes from Jeremys paychecks during

Jeremy earned $101,400 in salary and $7,400 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 $29,200 in itemized deductions. (Use the tax rate schedules.)

Schedule Z-Head of Household

If taxable income is over:	But not over:	The tax is:
$ 0	$ 14,100	10% of taxable income
$ 14,100	$ 53,700	$1,410 plus 12% of the excess over $14,100
$ 53,700	$ 85,500	$6,162 plus 22% of the excess over $53,700
$ 85,500	$163,300	$13,158 plus 24% of the excess over $85,500
$163,300	$207,350	$31,830 plus 32% of the excess over $163,300
$207,350	$518,400	$45,926 plus 35% of the excess over $207,350
$518,400		$154,793.50 plus 37% of the excess over $518,400

a. Determine Jeremys tax refund or taxes due. (finish table)

Description	Amount
Gross Income	108,800
For AGI deductions	0
Adjusted gross income	108,800
Standard deduction
itemized deductions	29,200
greater of standard deduction or itemized deductions	29,200
taxable income	79,600
income tax liability
Child tax credit	2,000
tax withholding	11,000
tax due

b. Assume that in addition to the original facts, Jeremy has a long-term capital gain of $10,550. 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.)

Description	Amount
Gross Income
For AGI deductions	0
Adjusted gross income
Standard deduction
itemized deductions
greater of standard deduction or itemized deductions
taxable income
income tax liability
Child tax credit	2,000
tax withholding
tax due

c. Assume the original facts except that Jeremy has only $7,000 in itemized deductions. What is Jeremys tax refund or tax due?

Description	Amount
Gross Income
For AGI deductions	0
Adjusted gross income
Standard deduction
itemized deductions
greater of standard deduction or itemized deductions
taxable income
income tax liability
Child tax credit	2,000
tax withholding
tax due