Question: Problem 4 - 2 9 ( LO 4 - 1 ) ( Algo ) Jeremy ( unmarried ) earned ( $ 1 0
Problem LO Algo 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? Determine Jeremy's tax refund or taxes due.
Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.
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