What is Jon's taxable income for 2019?

Group of answer choices

$166,800

$207,000

$208,800

$211,000

What is Jon's income tax liability before credits?

Group of answer choices

$34,692

$40,992

$48,274

$49,262

What is Jon's net investment income tax?

Group of answer choices

$0

$988

$1,664

$1,748

What is Jon's total tax liability after credits?

Group of answer choices

$46,454

$47,442

$48,402

$49,262

What is Jon's refund or tax due?

Group of answer choices

$2,942 refund

$2,942 tax due

$8,462 tax refund

$16,402 tax due

Is Jon subject to an underpayment penalty for 2019?

Yes

No because his prepayments are at least 100% of his prior year tax liability

Jon is a single taxpayer who reported the following information during 2019. Jon's capital gains tax rate is 15%. Salary Short-term capital gain Taxable investment interest State taxes Charitable contributions (cash contributions to public charities) Investment interest expense Foreign tax credit Tuition paid for a course to improve this job skills Federal income tax withholding Employment tax withholding (no excess withholding) Prior year tax liability Prior year AGI $180,000 $42,000 $ 4,000 $16,400 $ 5,000 $ 2,200 $ 860 $ 4,800 $32,000 $13,460 $31,500 $180,000 Jon is a single taxpayer who reported the following information during 2019. Jon's capital gains tax rate is 15%. Salary Short-term capital gain Taxable investment interest State taxes Charitable contributions (cash contributions to public charities) Investment interest expense Foreign tax credit Tuition paid for a course to improve this job skills Federal income tax withholding Employment tax withholding (no excess withholding) Prior year tax liability Prior year AGI $180,000 $42,000 $ 4,000 $16,400 $ 5,000 $ 2,200 $ 860 $ 4,800 $32,000 $13,460 $31,500 $180,000