Required information The following information applies to the questions displayed below Jeremy earned $101,700 in salary and $7,700 in interest income during the year. Jeremy's employer withheld $11,200 of federal income taxes from Jeremy's paychecks during the year Jeremy has one qualifying dependent child who lives with him. Jeremy qualifies to file as head of household and has $30,700 in itemized deductions. (Use the tax rate schedules) Part 1 of 2 0.3 points .Determine Jeremy's tax refund or taxes due. Answer is not complete. S 109 400 (1 Gross income (2) For AGl deductions (3) Adusted gross income 4 Standard deduction s 109,400 (5) temized deductions 30,700 Greatert of tandard deduction or tomized deductions30,700 7)Taxable income 8) Income tax labrlity (9) Child tax cred (101 Tax watholding S 78,700 11 862 0 11,200 axes refund 2 Required information The following information applies to the questions displayed below. Jeremy earned $101,700 in salary and $7,700 in interest income during the year. Jeremy's employer withheld $11,200 of federal income taxes from Jeremy's paychecks during the year. Jeremy has one qualifying dependent child who lives with him. Jeremy qualifies to file as head of household and has $30,700 in itemized deductions. (Use the tax rate schedules) Part 2 of 2 0.3 points 0t4305 c. Assume the original facts except that Jeremy had only $7000 in itemized deductions. What is Jeremy's tax refund or tax due? Answer is not complete. (1) Gross income 2) For AGi deductions )Adjusted gross income (4) Standard deduction (5) temized deductions (6) Greater of standard deduction or itemized deductions (7) Taxable income B) ncome tax lablity (9) Child tax credt 109,400 S 109,400 7,000 109 400 Tax Taxes due Required information The following information applies to the questions displayed below Jeremy earned $101,700 in salary and $7,700 in interest income during the year. Jeremy's employer withheld $11,200 of federal income taxes from Jeremy's paychecks during the year Jeremy has one qualifying dependent child who lives with him. Jeremy qualifies to file as head of household and has $30,700 in itemized deductions. (Use the tax rate schedules) Part 1 of 2 0.3 points .Determine Jeremy's tax refund or taxes due. Answer is not complete. S 109 400 (1 Gross income (2) For AGl deductions (3) Adusted gross income 4 Standard deduction s 109,400 (5) temized deductions 30,700 Greatert of tandard deduction or tomized deductions30,700 7)Taxable income 8) Income tax labrlity (9) Child tax cred (101 Tax watholding S 78,700 11 862 0 11,200 axes refund 2 Required information The following information applies to the questions displayed below. Jeremy earned $101,700 in salary and $7,700 in interest income during the year. Jeremy's employer withheld $11,200 of federal income taxes from Jeremy's paychecks during the year. Jeremy has one qualifying dependent child who lives with him. Jeremy qualifies to file as head of household and has $30,700 in itemized deductions. (Use the tax rate schedules) Part 2 of 2 0.3 points 0t4305 c. Assume the original facts except that Jeremy had only $7000 in itemized deductions. What is Jeremy's tax refund or tax due? Answer is not complete. (1) Gross income 2) For AGi deductions )Adjusted gross income (4) Standard deduction (5) temized deductions (6) Greater of standard deduction or itemized deductions (7) Taxable income B) ncome tax lablity (9) Child tax credt 109,400 S 109,400 7,000 109 400 Tax Taxes due
