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The following information applies to the questions displayed below] Jeremy earned $100,800 in salary and $6,800 in interest income during the year. Jeremy's employer withheld

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The following information applies to the questions displayed below] Jeremy earned $100,800 in salary and $6,800 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 $26,200 in itemized deductions. (Use the tax rate schedules) a. Determine Jeremy's tax refund or taxes due. Amount Description 107,600 (1) Gross income (2) For AGI deductions 0 (3) Adjusted gross income 107,600 (4) (5) Itemized deductions (6) Greater of standard deduction or itemized deductions Standard deduction 26,200 (7) Taxable income $ 107,600 (8) Income tax liability (9) Child tax credit (10) Tax withholding 11,000 b. Assume that in addition to the original facts, Jeremy has a long-term capital gain of $7,550. What is Jeremy's tax refund or tax due including the tax on the capital gain? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Description Amount (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Itemized deductions 0 (6) (7) Taxable income 0 (8) Income tax liability (9) Child tax credit (10) Tax withholding C. Assume the original facts except that Jeremy has only $7,000 in itemized deductions. What is Jeremy's tax refund or tax due? Description Amount (1) Gross income For AGI deductions (2) 0 (3) Adjusted gross income (4) Standard deduction 0 (5) Itemized deductions (6) Greater of standard deduction or itemized deductions (7) Taxable income (8) Income tax liability (9) Child tax credit (10) Tax withholding 2019 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: $ 9,700 10% of taxable income $ 0 $ 39,475 $ 9,700 $970 plus 12% of the excess over $9,700 $ 84,200 $ 39,475 $ 84,200 $4,543 plus 22% of the excess over $39,475 $14,382.50 plus 24% of the excess over $84,200 $160,725 $32,748.50 plus 32 % of the excess over $160,725 $204,100 $160,725 $204,100 $510,300 $46,628.50 plus 35% of the excess over $204,100 $510,300 $153,798.50 plus 37% of the excess over $510,300 Schedule Y-1-Married Filing Jaintle or Oualifrina Widola Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: S 0 10% of taxable income $19,400 $ 19,400 $ 78,950 $1,940 plus 12% of the excess over $19,400 $78,950 $168,400 $9,086 plus 22% of the excess over $78,950 $168,400 $321,450 $28,765 plus 24% of the excess over $168,400 $321,450 $408,200 $65,497 plus 32% of the excess over $321,450 $408,200 $612,350 $93,257 plus 35% of the excess over $408,200 $612,350 $164,709.50 plus 37 % of the excess over $612,350 Schedule Z-Head of Household If taxable income is over: But not over: The tax is: $ 13,850 $ 10% of taxable income $ 13,850 $ 52,850 $ 84,200 $1,385 plus 12% of the excess over $13,850 52,850 $6,065 plus 22% of the excess over $52,850 $ 84,200 $160,700 $12,962 plus 249% of the excess over $84,200 $31,322 plus 32% of the excess over $160,700 $160,700 $204,100 $45,210 plus 35% of the excess over $204,100 $152,380 plus 37% of the excess over $510,300 $204,100 $510,300 $510,300 Schedule Z-Head of Household The tax is: If taxable income is over: But not over: $ 13,850 $ 0 10% of taxable income $ 52,850 S 13,850 S 52,850 $ 84,200 $1,385 plus 12% of the excess over $13,850 $ 84,200 $6,065 plus 22% of the excess over $52,850 $12,962 plus 24% of the excess over $84,200 $160,700 $160,700 $204,100 $31,322 plus 32% of the excess over $160,700 $204,100 $510,300 $45,210 plus 35% of the excess over $204,100 $510,300 $152,380 plus 37 % of the excess over $510,300 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: The tax is: S 9,700 S 39,475 0 10% of taxable income S 9,700 S 39,475 $970 plus 12% of the excess over $9,700 S 84,200 $4,543 plus 22% of the excess over $39,475 S 84,200 $160,725 $14,382.50 plus 24% of the excess over $84,200 $160,725 $204,100 $32,748.50 plus 329% of the excess over $160,725 $204,100 $306,175 $46,628.50 plus 35% of the excess over $204,100 $306,175 S82,354.75 plus 370% of the excess over $306,175

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