Mr. Meeseeks is preparing his 2020 tax return. In 2016, his spouse passed away, and since then he has maintained a home

for their child (now 15 years old).

Mr. Meeseeks provides 100% of the support for his child, who lives with him year round. In 2020, Mr. Meeseeks changed jobs.

From January 1st, 2020 to May 13th, 2020,

he made $35,000 at EY. From May 20th through December 31st, he made $55,000 at PWC.

While at EY, Mr. Meeseeks was provided fully employer paid health insurance,

with premiums totaling $2,000. PWC also provided fully employer paid health insurance, with premiums totaling $3,500.

Mr. Meeseeks also earned $5,000 from city of New York

municipal bonds, and $3,000 of ordinary interest. Lastly, Mr. Meeseeks moved in 2020 when he changed jobs.

He sold his home, which he owned and lived in for the last 7 years, for $450,000, incurring realtor fees and closing costs

of $30,000. The home had a basis of $350,000.

He did not purchase another home, instead opting to rent in his new location.

Calculate Mr. Meeseeks tax owed or refund, assuming he cannot itemize, made $2,000 quarterly

tax payments ($8,000 total), and had $5,000 of taxes withheld from his paychecks for federal income taxes.

Ignore any tax credits. Use tax rate schedule below.

2020 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over:But not over: The tax is: $ 0 $ 9.875 10% of taxable income $ 9.875 $ 40,125 $987.50 plus 12% of the excess over $9.875 $ 40.125 $ 85.525 $4.617.50 plus 22% of the excess over $40.125 $ 85.525 $163.300 $14.605.50 plus 24% of the excess over $85.525 $163.300 $207,350 $33,271.50 plus 32% of the excess over $163,300 $207,350 $518.400 547,367.50 plus 35% of the excess over $207,350 $518.400 $156.235 plus 37% of the excess over $518.400 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: $ 0 $ 19.750 10% of taxable income $ 19.750 $ 80.250 $1.975 plus 12% of the excess over $19.750 $ 80.250 $171,050 $9.235 plus 22% of the excess over $80.250 $171.050 $326,600 $29.211 plus 24% of the excess over $171,050 $326.600 $414.700 566,543 plus 32% of the excess over $326,600 $414,700 $622.050 $94.735 plus 35% of the excess over $414,700 $622.050 $167,307.50 plus 37% of the excess over $622.050 Schedule Z-Head of Household If taxable income is over:But not over: The tax is: $ 0 $ 14,100 10% of taxable income $ 14,100 $ 53,700 $1,410 plus 12% of the excess over $14,100 $ 53.700 $ 85,500 56.162 plus 22% of the excess over $53,700 $ 85.500 $163,300 $13,158 plus 24% of the excess over $85,500 $ 163,300 $207,350 $31.830 plus 32% of the excess over $163,300 $207.350 $518,400 545,926 plus 35% of the excess over $207,350 $518.400 $154.793.50 plus 37% of the excess over $518.400