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use 2020 tax rate schedules Required information [The following information applies to the questions displayed below) Jeremy earned $100.000 in salary and $6,000 in interest

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use 2020 tax rate schedules
Required information [The following information applies to the questions displayed below) Jeremy earned $100.000 in salary and $6,000 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 qualities to file as head of household and has $23.000 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? Description (1) Gross income (2) For AGI deductions (3) Adjusted gross income Standard deduction Amount 5 106,000 0 $ 106,000 18,650 c. Assume the original facts except that Jeremy has only $7.000 in itemized deductions. What is Jeremy's tax refund or tax duo? Amount S 106.000 5 Description (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Itemided deductions (6) Greater of standard deduction or temized deductions (7) Taxable income (3) income tax liability 9. Child tax credit (50) Tax withholding Tax due 106,000 18.550 23,000 23.000 83.000 int $ 2.000 11.000

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