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Return to Required information [The following information applies to the questions displayed below) Jeremy earned S101,800 in salary and $7.800 in interest income during the
Return to Required information [The following information applies to the questions displayed below) Jeremy earned S101,800 in salary and $7.800 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 $31,200 in itemized deductions. (Use the tax rate schedules.) c. Assume the original facts except that Jeremy has only $7.000 in itemized deductions. What is Jeremy's tax refund or tax due? C. Assume the original facts except that Jeremy has only $7,000 in itemized de x Answer is not complete. Description Amount Gross income $ 109,600 (1) (2) (3) 0 For AGI deductions Adjusted gross income Standard deduction $ 109,600 18,350 Itemized deductions 7.000 (5) (6) (7) Greater of standard deduction or itemized deductions Taxable income $ 109,600 (8) Income tax liability 13.838 Child tax credit 2.000 (9) (10) Tax withholding 11.000 Tax due
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