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Question $1-$ Determine Net Tax Due$($refunded$)$

Glen Haasgard is unmarried and provides you with the following information about his

receipts and expenditures during $2023$:

Receipts

Wages

Inheritance

Municipal Bond Interest

Proceeds from sale of Verizon stock

$120,000$

$30,000$

$500$

$27,000$

Expenditures

HSA contr

$3,000$

Mortgage Int

$20,000$

Medical Expenses

$15,000$

Federal Taxes Withheld from wages $,10,000$

Additional information.

He has one child, Jaime, who is $12$ and lives with Glen for the entire year.

He purchased the stock in July of $2019$ for $$40,000.$ It was sold in August of $2023.$

The mortgage was taken out in $2019$ and had an average balance of $$1,000,000$ for

the year

Required: What is the Glen Haasgard's net tax due$($refunded$)$ for $2023?$

Question $2$