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please solve Jeremy (unmarried) earned $101,500 in salary and $7,500 in interest income duting the year. Jeremy's employer withheld $10,000 of federal income taxes from
please solve
Jeremy (unmarried) earned $101,500 in salary and $7,500 in interest income duting the year. Jeremy's employer withheld $10,000 of federal income taxes from Jeremy's paychecks during the year. Jeremy has one quallfying dependent child (age 14) who lives with him. Jeremy qualifies to file as head of household and has $24.500 in itemized deductions, including $2.000 of chatitable contributions to his church. (Use the lax rate schedules) Required: o. 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 $11,050. What is Jeremys tax refund or tax due including the tax on the capital gain? Note: Round your intermediote calculations and final answer to the nearest whole dollar amount. c. Assume the original facts except that Jeremy has only $6.500 in itemized deductions. Assume the charitable contribution? deduction for non-itemizers applies to 2022. What is Jeremy's tax refund or tax due? Cohndwin 7 ry Step by Step Solution
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