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The following information applies to the questions displayed below.] Jeremy earned $101,200 in salary and $6,600 in interest income during the year. Jeremys employer withheld

The following information applies to the questions displayed below.] Jeremy earned $101,200 in salary and $6,600 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 $34,200 in itemized deductions. Assume CARES Act applies. (Use the tax rate schedules.)

Schedule Z-Head of Household

If taxable income is over: But not over: The tax is:
$ 0 $ 14,100 10% of taxable income
$ 14,100 $ 53,700 $1,410 plus 12% of the excess over $14,100
$ 53,700 $ 85,500 $6,162 plus 22% of the excess over $53,700
$ 85,500 $163,300 $13,158 plus 24% of the excess over $85,500
$163,300 $207,350 $31,830 plus 32% of the excess over $163,300
$207,350 $518,400 $45,926 plus 35% of the excess over $207,350
$518,400 $154,793.50 plus 37% of the excess over $518,400

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