Question: Jeremy ( unmarried ) earned $ 1 0 0 , 0 0 0 in salary and $ 6 , 0 0 0 in interest income
Jeremy unmarried earned $ in salary and $ in interest income during the year. Jeremy's employer withheld $ of
federal income taxes from Jeremy's paychecks during the year. Jeremy has one qualifying dependent child age who lives with him.
Jeremy qualifies to file as head of household and has $ in itemized deductions. Use the tax rate schedules, Tax rates for Net
Capital Gains and Qualified Dividends.
Required:
a Determine Jeremy's tax refund or taxes due.
b Assume that in addition to the original facts, Jeremy has a longterm capital gain of $ What is Jeremy's tax refund or tax due
including the tax on the capital gain?
c Assume the original facts except that Jeremy has only $ in itemized deductions. What is Jeremy's tax refund or tax due?
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Required A
Determine Jeremy's tax refund or taxes due.
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