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What is the tax due? 3 https://erto-cf-mediarheduc x @ Report | Grammarly x 1 Alternate Universe: No Bailout ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%2534%252F%252Fblackboard 4 Homework Saved Required Information [The

What is the "tax due"?

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3 https://erto-cf-mediarheduc x @ Report | Grammarly x 1 Alternate Universe: No Bailout ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%2534%252F%252Fblackboard 4 Homework Saved Required Information [The following Information applies to the questions displayed below.] Jeremy earned $101,300 In salary and $7,300 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 $28,700 in itemized deductions. (Use the tax rate schedules) b. Assume that in addition to the original facts, Jeremy has a long-term capital gain of $10,050. 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.) (1) Gross income 118,650 (2) For AGI deductions Adjusted gross income 118,650 Standard deduction 18,350 (5) Itemized deductions 28.700 (6) Greater of standard deduction or itemized deductions 28.700 Taxable income 89,950 (8) Income tax liability S 13,524 Child tax credit 2,000 (10) Tax withholding 11,000 Tax due re to search 199

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