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Required information Problem 4-28 (LO 4-1) [The following information applies to the questions displayed below.] Jeremy earned $101,300 in salary and $7,300 in interest income

Required information

Problem 4-28 (LO 4-1)

[The following information applies to the questions displayed below.] Jeremy earned $101,300 in salary and $7,300 in interest income during the year. Jeremys employer withheld $11,000 of federal income taxes from Jeremys paychecks during the year. Jeremy has one qualifying dependent child who lives with him. Jeremy qualifies to file as head of household and has $28,700 in itemized deductions. (Use the tax rate schedules.)

Problem 4-28 Part-a

a. Determine Jeremys tax refund or taxes due.

Problem 4-28 Part-b

b. Assume that in addition to the original facts, Jeremy has a long-term capital gain of $10,050. What is Jeremys tax refund or tax due including the tax on the capital gain? (Round your intermediate calculations and final answer to the nearest whole dollar amount.)

c. Assume the original facts except that Jeremy has only $7,000 in itemized deductions. What is Jeremys tax refund or tax due?

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