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Jeremy (unmarried) earned $105,000 in salary and $6,250 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 $28,300 in itemized deductions. (Use the tax rate schedules. Tax rates for Net Capital Gains and Qualified Dividends.) Required:
a. Determine Jeremy's tax refund or taxes due.

Sagot :

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