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fime of year agoin when danie lee must fie her annuat federal ncome taxes lant yest she rectived an increaie is wisy too tre lucky enough last year to whi a raffe peite of 53600 mont of atich was deposied unts ber ifgale saver accourt affer paring ce ther ciedit card balance. Jamie Lee Jackson, age 26, is in her last semester of college and is waiting for graduation day that is just around the cornerl it is the time of year again when Jamie Lee must file her annual federal income taxes. Last year, she received an increase in salary from the bakery, which brought her gross monthly earnings to $3,350, and also opened up an IRA, to which she contributed $400 last year. Her savings accounts earn 2% interest per year, and she also had received an unexpected $2,300 gift from her great aunt. Jamie was also lucky enough last year to win a raffle prize of $3,600, most of which was deposited into her regular savings account after paying off her credit card balance Estimate Jamie Lee's current tax liability by completing the form below. Use standard deduction ($6,300) and personal exemption ($4,050). Each answer must have a value for the assignment to be complete. Enter "0" for any unused categories. Use 2016 tax rates: Estimated Income Tax Gross income (wages, salary, investment income, and other ordinary income) Less adjustments to income (see current tax regulations) Equals adjusted gross income Less standard deduction (use 2016 amounts) or Itemized deductions (whichever total is larger) Itemized deductions (whichever total is larger) Medical expenses (exceeding 10% of AGI) State/local income and property taxes Mortgage, home equity loan interest Contributions Casualty and theft losses Moving, job-related, and miscellaneaous expenses (exceeding 2% of AGI) Total itemized deductions Larger of standard or itemized deductions Less personal exemptions Equals taxable income Estimated tax Less tax credits Plus other taxes Equals total tax liability Less estimated withholding and payments Equals tax due (or refund) fime of year agoin when danie lee must fie her annuat federal ncome taxes lant yest she rectived an increaie is wisy too tre lucky enough last year to whi a raffe peite of 53600 mont of atich was deposied unts ber ifgale saver accourt affer paring ce ther ciedit card balance. Jamie Lee Jackson, age 26, is in her last semester of college and is waiting for graduation day that is just around the cornerl it is the time of year again when Jamie Lee must file her annual federal income taxes. Last year, she received an increase in salary from the bakery, which brought her gross monthly earnings to $3,350, and also opened up an IRA, to which she contributed $400 last year. Her savings accounts earn 2% interest per year, and she also had received an unexpected $2,300 gift from her great aunt. Jamie was also lucky enough last year to win a raffle prize of $3,600, most of which was deposited into her regular savings account after paying off her credit card balance Estimate Jamie Lee's current tax liability by completing the form below. Use standard deduction ($6,300) and personal exemption ($4,050). Each answer must have a value for the assignment to be complete. Enter "0" for any unused categories. Use 2016 tax rates: Estimated Income Tax Gross income (wages, salary, investment income, and other ordinary income) Less adjustments to income (see current tax regulations) Equals adjusted gross income Less standard deduction (use 2016 amounts) or Itemized deductions (whichever total is larger) Itemized deductions (whichever total is larger) Medical expenses (exceeding 10% of AGI) State/local income and property taxes Mortgage, home equity loan interest Contributions Casualty and theft losses Moving, job-related, and miscellaneaous expenses (exceeding 2% of AGI) Total itemized deductions Larger of standard or itemized deductions Less personal exemptions Equals taxable income Estimated tax Less tax credits Plus other taxes Equals total tax liability Less estimated withholding and payments Equals tax due (or refund)