Question: Jeremy ( unmarried ) earned $ 1 0 1 , 5 0 0 in salary and $ 3 , 7 5 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:
Determine Jeremy's tax refund or taxes due.
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?
Gross Income
For AGI Deductions
Adjusted Gross Income
Standard Deduction
Itemized Deductions
Taxable Income
Income Tax Liability
Child Tax Credit
Tax Witholding
Assume the original facts except that Jeremy has only $ in itemized deductions. What is Jeremy's tax refund or tax due?
Gross Income
For AGI Deductions
Adjusted Gross Income
Standard Deduction
Itemized Deductions
Taxable Income
Income Tax Liability
Child Tax Credit
Tax Witholding
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?
Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.
Gross Income
For AGI Deductions
Adjusted Gross Income
Standard Deduction
Itemized Deductions
Taxable Income
Income Tax Liability
Child Tax Credit
Tax Witholding
Assume the original facts except that Jeremy has only $ in itemized deductions. What is Jeremy's tax refund or tax due?
Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.
Gross Income
For AGI Deductions
Adjusted Gross Income
Standard Deduction
Itemized Deductions
Taxable Income
Income Tax Liability
Child Tax Credit
Tax Witholding
Tax Rate Schedules
Individuals
Schedule XSingle
If taxable income is over:But not over:The tax is:$ $ of taxable income$ $ $ plus of the excess over $$ $ $ plus of the excess over $$ $ $ plus of the excess over $$ $ $ plus of the excess over $$ $ $ plus of the excess over $$ $ plus of the excess over $
Schedule YMarried Filing Jointly or Qualifying surviving spouse
If taxable income is over:But not over:The tax is:$ $ of taxable income$ $ $ plus of the excess over $$ $ $ plus of the excess over $$ $ $ plus of the excess over $$ $ $ plus of the excess over $$ $ $ plus of the excess over $$ $ plus of the excess over $
Schedule ZHead of Household
If taxable income is over:But not over:The tax is:$ $ of taxable income$ $ $ plus of the excess over $$ $ $ plus of the excess over $$ $ $ plus of the excess over $$ $ $ plus of the excess over $$ $ $ plus of the excess over $$ $ plus of the excess over $
Schedule YMarried Filing Separately
If taxable income is over:But not over:The tax is:$ $ of taxable income$ $ $ plus of the excess over $$ $ $ plus of the excess over $$ $ $ plus of the excess over $$ $ $ plus of the excess over $$ $ $ plus of the excess over $$ $ plus of the excess over $
Tax Rates for Net Capital Gains and Qualified Dividends
RateTaxable IncomeMarried Filing JointlyMarried Filing SeparatelySingleHead of HouseholdTrusts and Estates$ $$ $$ $$ $$ $$ $$ $$ $$ $$ $$$$$$
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