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Required information [The following information applies to the questions displayed below.) Jeremy earned $100,900 in salary and $6,900 in interest income during the year. Jeremy's
Required information [The following information applies to the questions displayed below.) Jeremy earned $100,900 in salary and $6,900 in interest income during the year. Jeremy's employer withheld $11,000 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 $26,700 in itemized deductions. (Use the tax rate schedules.) a. Determine Jeremy's tax refund or taxes due. X Answer is complete but not entirely correct. Description Amount (1) Gross income $ 107,800 For AGI deductions 0 (2) (3) Adjusted gross income $ 107,800 18,650 Standard deduction Itemized deductions 26,700 26,700 Greater of standard deduction or itemized deductions Taxable income $ 81,100 (5) (6) (7) (8) (9) (10) Income tax liability $ Child tax credit 14,450 X 2,000 11,000 3,450 Tax withholding Tax (refund) > $
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