Jeremy earned $102,500 in salary and $8,500 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 $34,700 in itemized deductions, including $2,000 of charitabie contributions to his church. (Use the tax rate schedules.) c. Assume the original facts except that Jeremy has only $7,000 in itemized deductions. What is Jeremy's tax refund or tax due? Schedule Z-Head of Household If taxable income is over:But not over: The tax is: 10% of taxable income $ 54,200 |$1,420 plus 12% of the excess over $14,200 $ 86,350 S6,220 plus 22% of the excess over $54,200 S 164,900 S13,293 plus 24% of the excess over $86,350 S 209,400 S32,145 plus 32% of the excess over $164,900 $ 523,600 S46,385 plus 35% of the excess over $209,400 $156,355 plus 37% of the excess over $523,600 $ 14,200 $ 14,200 $ 54,200 $ 86,350 $ 164,900 $ 209,400 $ 523,600