Jeremy ( unmarried ) earned $ 1 0 7 , 5 0 0 in salary and $
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Question:
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?
Assume the original facts except that Jeremy has only $ in itemized deductions. What is Jeremy's tax refund or tax due?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: