1-

Carolyn has an AGI of $39,800 (all from earned income), two qualifying children, and is filing as a head of household. What amount of earned income credit is she entitled to? (Exhibit 8-10)

$4,568

$5,548

$3,305

$980

$0

2-

Jorge purchased a copyright for use in his business in the current year. The purchase occurred on July 15^th and the purchase price was $81,000. If the patent has a remaining life of 75 months, what is the total amortization expense Jorge may deduct during the current year?

$6,480

$0

$5,940

None of these:

$12,960