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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 | |||||
b. Assume that in addition to the original facts, Jeremy has a long-term capital gain of $4,550. What is Jeremys 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 | ||||
6) | |||||
7) | Taxable Income | ||||
8) | Income Tax Liability | ||||
9) | Child Tax Credit | ||||
10) | Tax Withholding |
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