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[The following information applies to the questions displayed below.] Jeremy earned $100,200 in salary and $6,200 in interest income during the year. Jeremys employer withheld
[The following information applies to the questions displayed below.] | ||||
Jeremy earned $100,200 in salary and $6,200 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 $23,200 in itemized deductions | ||||
c. Assume the original facts except that Jeremy has only $7,000 in itemized deductions. What is Jeremys tax refund or tax due? | ||||
Description | Amount | |||
1) | Gross Income | |||
2) | For AGI Deductions | |||
3) | Adjusted Gross Income | |||
4) | Standard Deduction | |||
5) | Itemized Deductions | |||
6) | ||||
7) | Taxable Income | |||
8) | Income Tax Liability | |||
9) | Child Tax Credit | |||
10) | Tax Withholding |
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