Thank you 2021 Tax Rate SchedulesIndividualsSchedule X-SingleIf taxable income is over: But not over:The tax is:$ 0$ 9,95010% of taxable income.$ 9,950$ 40,525$ 40,525$ 86,375$164,925$ 86,375$164,925$ 209,425$ 523,600$995 plus 12% of the excess over $9,950$4,664 plus 22% of the excess over $40,525$14,751 plus 24% of the excess over $86,375$33,603 plus 32% of the excess over $164,925$47,843 plus 35% of the excess over $209,425$157,804.25 plus 37% of the excess over $523,600$ 209,425$ 523,600Schedule Y-1-Married Filing Jointly or Qualifying Widow(er)If taxable income is over: But not over:The tax is:$ 0$ 19,90010% of taxable income$ 19,900$ 81,050$ 172,750$ 329,850$ 418,850$ 628,300S 81,050$ 172,750$329,850$418,850$ 628,300$1.990 plus 12% of the excess over $19,900$9,328 plus 22% of the excess over $81,050$29,502 plus 24% of the excess over $172,750$67,206 plus 32% of the excess over $329,850$95,686 plus 35% of the excess over $418,850$168.993.50 plus 37% of the excess over $628,300Schedule Z-Head of HouseholdIf taxable income is over: But not over:The tax is:$ 0$ 14,20010% of taxable income$ 14,200$ 54,200$ 54,200$ 86,350$164,900$ 86,350$164,900$ 209,400$ 523,600$1,420 plus 12% of the excess over $14,200$6.220 plus 22% of the excess over $54,200$13,293 plus 24% of the excess over $86,350$32,145 plus 32% of the excess over $164,900$46,385 plus 35% of the excess over $209,400$156,355 plus 37% of the excess over $523,600$ 209,400$ 523,600Schedule Y-2-Married Filing SeparatelyIf taxable income is over: But not over:The tax is:$ 0$ 9,95010% of taxable income$ 9,950$ 40,525$ 40,525$ 86,375$ 86,375$164,925$ 209,425$314,150$995 plus 12% of the excess over $9,950$4,664 plus 22% of the excess over $40,52$14,751 plus 24% of the excess over $86,375$33,603 plus 32% of the excess over $164.925$47,843 plus 35% of the excess over $209,425$84,496.75 plus 37% of the excess over $314,150$ 164,925$ 209,425$314,150 Jeremy earned $101,000 in salary and $7,000 in interest income during the year. Jeremy's employer withheld $10,000 offederal income taxes from Jeremy's paychecks during the year. Jeremy has one qualifying dependent child (age 14) wholives with him. Jeremy qualifies to file as head of household and has $27.200 in itemized deductions, including $2,000 ofcharitable contributions to his church. (Use the tax rate schedules.)Problem 4-29 Part-a (Algo)a. Determine Jeremy's tax refund or taxes due.DescriptionAmount(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

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The gross income means the total of all the incomes that are earned by the taxpayer. The gross…

Problem 4-29 Part-a (Algo) a. Determine Jeremy's tax refund or taxes due. Description (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 Amount