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Melvin is single, age 58. He earned the following income this year. He qualifies for Head of Household filing status. 2021. Salary $105,000 Qualified dividend

Melvin is single, age 58. He earned the following income this year. He qualifies for Head of Household filing status. 2021.

Salary $105,000

Qualified dividend income earned on stock he owns 1,200

Interest income earned on State of North Dakota bonds he owns 900

Interest income earned on GM bonds he owns 500

Short-term capital gain reported on sale of corporate bonds he owned 4,000

Long-term capital gain reported on sale of stock he owned 7,500

Melvin has itemized deductions of $17,200. He had $12,850 in federal income tax withheld from his salary. His daughter, Remi, died a few years ago and since then, Remi's son, Aaron, age 15, has been living full-time with Melvin. Melvin provides all of Aaron's support. Aaron earned $1,800 this year working in a part-time job, which he put in his savings account to pay for his future college tuition. Because he supports Aaron, Melvin qualifies for the Head of Household filing status.

Calculate Melvin's 2021:

1. Adjusted Gross Income

2. Taxable Income

3. Income Tax Liability

4. Net Tax Liability

5. Tax Due (Refund)

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