Jeremy (unmarried) earned $100,700 in salary and $6.700 in interest income during the year. Jeremy's employer withheld $
Posted: Sun Jun 05, 2022 7:12 pm
question by entering your answers in the tabs below. Required A Required B Required C Determine Jeremy's tax Amount (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction Required B Description due. $ 0
D. Assume that in addition to the original facts, Jeremy has a long-term capital gain of $7,050. Whi including the tax on the capital gain? Note: Round your intermediate calculations and final answer to the nearest whole dollar am c. Assume the original facts except that Jeremy has only $5,000 in itemized deductions Assume deduction for non-itemizers applies to 2022. What is Jeremy's tax refund or tax due? Complete this question by entering your answers in the tabs below. Required A Required B Required C 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 (7) Taxable income (8) Income tax liability (9) Child tax credit (10) Tax withholding S
Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 af 11% 12% .901 893 .812 .797 .731 712 .659 .636 567 507 452 404 5% 6% 7% 8% 9% 10% 962 952 943 .935 926 917 909 925 .907 .890 873 857 .842 .826 .889 .864 .840 .816 .794 772 .751 .855 .823 .792 .763 .735 .708 .683 .822 784 747 713 .681 .650 .621 .593 .790 746 .705 .666 .630 .596 .564 535 .760 .711 .665 .623 583 547 513 482 .731 .677 .627 582 .540 .502 .467 .434 .703 .645 592 544 .500 .460 424 .391 .676 .614 558 508 .463 .422 .386 352 .650 585 527 475 .429 .388 .350 .317 .625 557 .497 444 .397 .356 .319 286 .601 .530 .469 .415 .368 .326 .290 258 577 505 .442 .388 .340 299 263 232 555 481 417 .362 .315 275 239 209 .361 .322 287 257 229 205 .183
Jeremy (unmarried) earned $100,700 in salary and $6.700 in interest income during the year. Jeremy's employer withheld $10,000 of federal income taxes from Jeremy's paychecks during the year. Jeremy has one qualifying dependent child (age 14) who lives with him. Jeremy qualifies to file as head of household and has $23.700 in itemized deductions, including $2,000 of charitable contributions to his church. (Use the tax rate schedules.) Required: a. Determine Jeremy's tax refund or taxes due b. Assume that in addition to the original facts, Jeremy has a long-term capital gain of $7,050 What is Jeremy's tax refund or tax due including the tax on the capital gain? Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. c. Assume the original facts except that Jeremy has only $5,000 in itemized deductions. Assume the charitable contribution deduction for non-itemizers applies to 2022 What is Jeremy's tax refund or tax due? Complete this D. Assume that in addition to the original facts, Jeremy has a long-term capital gain of $7,050. Whi including the tax on the capital gain? Note: Round your intermediate calculations and final answer to the nearest whole dollar am c. Assume the original facts except that Jeremy has only $5,000 in itemized deductions Assume deduction for non-itemizers applies to 2022. What is Jeremy's tax refund or tax due? Complete this question by entering your answers in the tabs below. Required A Required B Required C 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 (7) Taxable income (8) Income tax liability (9) Child tax credit (10) Tax withholding S
Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 af 11% 12% .901 893 .812 .797 .731 712 .659 .636 567 507 452 404 5% 6% 7% 8% 9% 10% 962 952 943 .935 926 917 909 925 .907 .890 873 857 .842 .826 .889 .864 .840 .816 .794 772 .751 .855 .823 .792 .763 .735 .708 .683 .822 784 747 713 .681 .650 .621 .593 .790 746 .705 .666 .630 .596 .564 535 .760 .711 .665 .623 583 547 513 482 .731 .677 .627 582 .540 .502 .467 .434 .703 .645 592 544 .500 .460 424 .391 .676 .614 558 508 .463 .422 .386 352 .650 585 527 475 .429 .388 .350 .317 .625 557 .497 444 .397 .356 .319 286 .601 .530 .469 .415 .368 .326 .290 258 577 505 .442 .388 .340 299 263 232 555 481 417 .362 .315 275 239 209 .361 .322 287 257 229 205 .183