Question

Jeremy earned $100,000 in salary and $6,000 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 $23,000 in itemized deductions

Answer 1

The answer is $4298.

Step-by-step explanation:

The gross income is $110000.

Interest(not taxable) = $6000.

Tax on ITCG = $600

Tax on salary = $16898

total = $17498

Child tax credit = $2000

Tax with holding = $11200

Tax dues = $4298.

So the answer is $4298.