Question
Required information [The following information applies to the questions displayed below.] Jeremy earned $102,500 in salary and $8,500 in interest income during the year. Jeremys
Required information
[The following information applies to the questions displayed below.] Jeremy earned $102,500 in salary and $8,500 in interest income during the year. Jeremys employer withheld $11,200 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 $34,700 in itemized deductions. (Use the tax rate schedules.)
rev: 07_06_2018_QC_CS-130826
c. Assume the original facts except that Jeremy had only $7,000 in itemized deductions. What is Jeremys tax refund or tax due?
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