Question

Jeremy earned $101,300 in salary and $7,300 in interest income during the year. Jeremy’s employer withheld $11,200 of federal income taxes from Jeremy’s paychecks during the year. Jeremy has one qualifying dependent child who lives with him. Jeremy qualifies to file as head of household and has $28,700 in itemized deductions. (Use the tax rate schedules.)

Determine Jeremy’s tax refund or taxes due.

	Description Amount (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Itemized deductions (6) (7) Taxable income (8) Income tax liability (9) Child tax credit (10) Tax withholding

Answer 1

Amount Gsass Income 3 o 8 600 千 |Standard deduch) on 28,700 28,700 7 200 中dni 2e d deduction 2,000 tl 200 Cndc $2,000 jed AdSulsted gross income tim、 Case) 8,60