Jeremy (unmarried) earned $100,000 in salary and $6,000 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 $23,000 in itemized deductions, including $2.000 of charitable contributions to his church (Use the tax rote schedules) Required: a. Determine Jeremy's tax refund or taxes due b. Assume that in addition to the original facts, Jeremy has a long-term capital gain of $4,000. What is Jeremy's tax refund or tax due including the tax on the capital gain? c. Assume the original facts except that Jeremy has only $7.000 in itemized deductions. Assume the charitable contribution deduction for non-itemizers applies to 2022 What is Jeremy's tax refund or tax due? Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine Jeremy's tax refund or taxes due. 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 (8) Income tax liability (9) Child tax credit (10) Tax withholding Tax due Amount $ $ S 106,000 106,000 (23,000) 106,000 12,377 2,000 10,000 377 Required B > Problem 4-29 (LO 4-1) (Static) Jeremy (unmarried) earned $100,000 in salary and $6,000 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 $23,000 in itemized deductions, including $2,000 of charitable contributions to his church. (Use the tax rate schedules) Required: a. Determine Jeremy's tax refund or taxes due b. Assume that in addition to the original facts, Jeremy has a long-term capital gain of $4,000. What is Jeremy's tax refund or tax due including the tax on the capital gain? c. Assume the original facts except that Jeremy has only $7,000 in itemized deductions. Assume the charitable contribution deduction for non-itemizers applies to 2022. What is Jeremy's tax refund or tax due? Complete this question by entering your answers in the tabs below. Required A Requires B Assume that in addition to the original facts, Jeremy has a long-term capital gain of $4,000. What is Jeremy's tax refund or tax due including the tax on the capital gain? Description (1) Gross income (2) For AGI deductions (3) Adjusted gross income Required C (4) Standard deduction (5) Itemized deductions (6) Greater of standard deduction or itemized deductions (7) Taxable income (8) Income tax liability (9) Child tax credit (10) Tax withholding < Required A Amount $ 110,000 0 110,000 $ S S (23,000) 23,000 87,000 13,257 2,000 Required C > Problem 4-29 (LO 4-1) (Static) Jeremy (unmarried) earned $100,000 in salary and $6,000 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 (oge 14) who lives with him. Jeremy qualifies to file as head of household and has $23,000 in itemized deductions, including $2,000 of charitable contributions to his church. (Use the tax rate schedules.) Required: a. Determine Jeremy's tax refund or taxes due. b. Assume that in addition to the original facts, Jeremy has a long-term capital gain of $4,000. What is Jeremy's tax refund or tax due including the tax on the capital gain? c. Assume the original facts except that Jeremy has only $7,000 in itemized deductions. Assume the charitable contribution deduction for non-itemizers applies to 2022 What is Jeremy's tax refund or tax due? Complete this question by entering your answers in the tabs below. Required A Required B Require Assume the original facts except that Jeremy has only $7,000 in itemized deductions, Assume the charitable contribution deduction for non-itemizers applies to 2022. What is Jeremy's tax refund or tax due? Description (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) temized deductions (6) Greater of standard deduction or itemized deductions (7) Charitable contributions (8) Taxable income (9) Income tax liability (10) Child tax credit (11) Tax withholding < Required B Amount $ $ 106,000 0 106,000 7.000 $ 106,000 Required C Schedule Z-Head of Household If taxable income is over: But not over: SO $ 14,650 $ 55,900 $ 89,050 $ 170,050 $215,950 $ 539,900 $ 14,650 $ 55,900 $ 89,050 $ 170,050 $ 215,950 $ 539,900 The tax is: 10% of taxable income $1,465 plus 12% of the excess over $14,650 $6,415 plus 22% of the excess over $55.900 $13,708 plus 24% of the excess over $89,050 $33,148 plus 32% of the excess over $170,050 $47,836 plus 35% of the excess over $215,950 $161.218.50 plus 37% of the excess over $539,900