Jeremy earned 95000 in salary and 6000 in interest income, Taxation

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Jeremy earned 95000 in salary and 6000 in interest income

Problem

Jeremy earned $95,000 in salary and $6,000 in interest income during the year. Jeremy has two qualifying dependent children who live with him. He qualifies to file as head of household and has $17,000 in itemized deductions. Neither of his dependents qualifies for the child tax credit. Use the 2016 tax rate schedules to determine Jeremy's taxes due.

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Taxation: Jeremy earned 95000 in salary and 6000 in interest income

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Taxation: Jeremy earned 95000 in salary and 6000 in interest income

Reference No:- TGS02679088

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