Jeremy earned $100,400 in salary and $6,400 in interest income during the year. Jeremy’s employer withheld $11,000 of federalincome 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 $24,200 in itemized deductions. (Use the tax rate schedules.)

a. Determine Jeremy’s tax refund or taxes due.

	Description	Amount
1)	Gross Income	106800
2)	For AGI Deductions	0
3)	Adjusted Gross Income	106800
4)	Standard Deduction	18650
5)	Itemized Deductions	24200
6)	Greater of standard deduction or itemized deductions	24200
7)	Taxable Income	82600
8)	Income Tax Liability
9)	Child Tax Credit	2000
10)	Tax Withholding	11000
	Tax (Refund)

Need help finding 8) Income Tax Liability and the Tax(Refund).Please explain where you are getting all of the numbers from as well as the calculations.

Below is the tax rate schedule:

Schedule Z-Head of Household

If taxable income is over:	But not over:	The tax is:
$ 0	$ 14,100	10% of taxable income
$ 14,100	$ 53,700	$1,410 plus 12% of the excess over$14,100
$ 53,700	$ 85,500	$6,162 plus 22% of the excess over$53,700
$ 85,500	$163,300	$13,158 plus 24% of the excess over$85,500
$163,300	$207,350	$31,830 plus 32% of the excess over$163,300
$207,350	$518,400	$45,926 plus 35% of the excess over$207,350
$518,400	—	$154,793.50 plus 37% of the excess over$518,400

Answer rating: 100% (QA)

Answer Description Amount 1 Gross income 101400 6400 1... View the full answer