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Required information Problem 4-28 (LO 4-1) The following information applies to the questions displayed below.] Jeremy earned $100,700 in salary and $6,700 in interest income during the year Jeremys employer withheld $11,200 of federal income taxes from Jeremys paychecks during the year. Jeremy has one qualifying dependent child who lives with him. Jeremy qualifies to file as head of household and has $25,700 in itemized deductions. (Use the tax rate schedules.)Problem 4-28 Part-b b. Assume that in addition to the original facts, Jeremy has a long-term capital gain of $7,050. What is Jeremys tax refund or tax due including the tax on the capital gain? Description Amount (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Itemized deductions (6) Greater of standard deduction or itemized deductions (7) Taxable income (8) Income tax liability (9)Child tax credit (10) Tax withholding $114,450 $114,450 18,000 25,700 25,700 $88,750 2,000 11,200Problem 4-28 Part-c c. Assume the original facts except that Jeremy had only $7,000 in itemized deductions. What is Jeremys tax refund or tax due? Description Amount (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Itemized deductions (6) Greater of standard deduction or itemized deductions (7) Taxable income (8) Income tax liability (9)Child tax credit (10) Tax withholding $107,400 $107,400 18,000 7,000 $107,400 2,000 11,200

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