1. Clark claimed the standard deduction in the previous tax year. In the current year, he received a state income tax refund of $900, plus interest of $10 from the withholding of his previous year's federal income taxes. In addition, Clark received a $1,000 income tax refund from the IRS. How much income must Clark include in his current-year federal tax return as a result of these refunds and interests?

Question options:

$10

$900

$910

$1,910

2. George purchased a life annuity for $3,200 that will provide him $80 monthly payments for as long as he lives. Based on IRS tables, George's life expectancy is 100 months. How much of the first $80 payment will George include in his gross income?

Question options:

	80
	72
	48
	32