What is the taxable income liability?

Jeremy earned $101,900 in salary and $7,900 in interest income during the year. Jeremy's employer withheld $11,200 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 $31,700 in itemized deductions, (Use the tax rate schedules.) Problem 4-28 Part-b b. Assume that in addition to the original facts, Jeremy has a long-term capital gain of $13,050. What is Jeremy's tax refund or tax due including the tax on the capital gain? Answer is not complete Description Amount (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) eized deductions (6) Greater of standard deduction or itemized deductions (7) Taxable income (8) Income tax liability (9) Child tax credit (10) Tax withholding S 122,850 S 122,850 18,000 31,700 31,700 $ 91,150 S 16,731 2,000 11,200 Heads of Household If Taxable Income Is Between: 0 $13,600 $13,601-S51,800 $51,801 S82,500 $82,501 $157,500 $157,501 $200,000 $200,001-$500,000 $500,001+ The Tax Due Is: 10% of taxable income $1,360 + 12% of the amount over $13,600 $5,944 + 22% of the amount over $51,800 $12,698 + 24% of the amount over S82.500 530,698 + 32% of the amount over $157,500 $44,298 + 35% of the amount over $200,000 $149,298 + 37% of the amount over $500,000 2018/2019 Standard Deduction 2019 Married filing jointly and surviving spouse MFJ) Married filing separately MFS) Head of Household (HOH) Single 24,000 S 12,000 18,000 12,000 24.400 12,200 18,350 12,200 Additional standard deduction for taxpayers 65 or blind Married (filing either jointly or separateh Single or head of household 1,300 1,600 1,300 1.650 If taxpayer is a dependent on someone else's retun, standard deduction is the greater of (1) $1050 ($1100 for 2019) or (2) earned income S350 but not to exceed what would otherwise be a standard deduction Tax Rates for Net Capital Gains and Qualified Dividends Long-Term Married Married capita Taxpayers Jointly Gains Rate SingleFiling Household separately Head of Up to 0%) 38 Up to Up to Up to $38,600 $77,200 $51,700 $38,600 o, s38,600- |$77,200-551,700- $38,600- $425.800 $479,000 $452.400$239.500 15% Over Over Over 20%lOver d$425,800$479,000$452 400$239500