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Jermey earned $101,300 in salary and $7,300 in interest income during the year. Jeremy's employer withheld...

Jermey 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 Jermey's paychecks during the year. Jermey has one qualifying dependent child who lives with him. Jermey qualifies to filed as held of household and has $28,700 in itemized deductions.

A) Assume that in addition to the original facts, Jeremy has a long term caoital gain of $10.050. What is Jeremy's tax refund or tax due including the tax on the capital gain?

Gross income $xxxx

For AGI deductitons $xxxx

Adjusted gross income $xxxx

Standard deductions $xxxx

itemized deductions $xxxx

Greater of standard deductions or itemized deducitons $xxxx

Taxable income $xxxx

Income tax liability $xxxx

Child tax credit $xxxx

Tax Withholding $xxxx

Taxes Due $xxxx

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