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Jeremy earned $90,000 in salary and $6,000 in interest income during the year. Jeremy has two qualifying dependent children who live with him. He qualifies

Jeremy earned $90,000 in salary and $6,000 in interest income during the year. Jeremy has two qualifying dependent children who live with him. He qualifies to file as head of household and has $12,000 in itemized deductions. Neither of his dependents qualifies for the child tax credit. (use the tax rate schedules.). (Do not round intermediate calculations. Round "Income tax liability" to 2 decimal places.)

"MUST USE 2015 TAX RATE SCHEDULE"

A) Use the 2015 tax rate schedules to determine Jeremys taxes due.

1) GROSS INCOME

2) FOR AGI DEDUCTIONS

3) AGI

4 STANDARD DEDUCTION

5) ITEMIZED DEDUCTIONS

6) GREATER OR LESSER OF ITEMIZED DEDUCTIONS-- AMOUNT AND WHICH ONE GREATER OR LESS

7) PERSONAL AND DEPENDANCY EXEMPTIONS

8) TAXABLE INCOME

9) INCOME TAX LIABILITY

B) Assume that in addition to the original facts, Jeremy has a long-term capital gain of $4,000. What is Jeremys tax liability including the tax on the capital gain?

Same 9 questions from above

c)

Assume the original facts except that Jeremy had only $6,000 in itemized deductions. What is Jeremys total income tax liability?

Same 9 questions as above for this one too.

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