Jeremy (unmarried) earned $107,000 in salary and $6,350 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 $30,420 in itemized deductions

Use the tax rate schedules and tax rates for net capital gains and qualified dividends below:

• Determine Jeremy's tax refund or taxes due.

• Assume that in addition to the original facts, Jeremy has a long-term capital gain of $4,140. What is Jeremy's tax refund or tax due including the tax on the capital gain?

1. Assume the original facts except that Jeremy has only $7,700 in itemized deductions. What is Jeremy's tax refund or tax due?

\begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ Description } & \\ \hline (1) Gross income & Amount \\ \hline (2) For AGl deductions & \\ \hline (3) Adjusted gross income & \\ \hline (4) Standard deduction & \\ \hline (5) Itemized deductions & \\ \hline (7) Taxable income & \\ \hline (8) Income tax liability & \\ \hline (9) Child tax credit & \\ \hline (10) Tax withholding & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ Description } \\ \hline (1) Gross income & \\ \hline (2) For AGI deductions & \\ \hline (3) Adjusted gross income & \\ \hline (4) Standard deduction & \\ \hline (5) Itemized deductions & \\ \hline & \\ \hline (7) Taxable income & \\ \hline (8) Income tax liability & \\ \hline (9) Child tax credit & \\ \hline (10) Tax withholding & \\ \hline \end{tabular} (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Itemized deductions (7) Taxable income (8) Income tax liability (9) Child tax credit (10) Tax withholding