Kelly has $102,400 in salary and $8,400 in interest income for the year. Kellys employer withheld $11,000 of federal income taxes from Kellys compensation during the year. Kelly has one qualifying dependent child who lives with him. Kelly qualifies to file as head of household and has $34,200 in itemized deductions. (Use the tax rate schedules.)

a. Determine Kellys tax refund or taxes due.

b In addition to the original facts, Kelly has a 15% long-term capital gain of $15,550. What is Kellys tax refund or tax due including the tax on the capital gain?

c

Use the original facts except Kelly has only $7,000 in itemized deductions. What is Kellys tax refund or tax due?

DescriptionAmount(1)

Gross income(2)

For AGI deductions

(3)Adjusted gross income$0(

4)Standard deduction(

5)Itemized deductions

(6)

(7)Taxable income$0

(8)Income tax liability

(9)Child tax credit

(10)Tax withholding