Question
1. Gary Frost purchased a ticket to the AB Concert from the NY Veterans Association (a qualified charitable organization). He paid $200 for ticket. The
1. Gary Frost purchased a ticket to the AB Concert from the NY Veterans Association (a qualified charitable organization). He paid $200 for ticket. The regular cost of the ticket is $50. Gary can claim a charitable deduction of:
A. | $0 | |
B. | $150 | |
C. | $200 | |
D. | $100 |
2.
Which of the following qualifies for the earned income credit?
Kate, unmarried, maintains a household for a dependent 12 year old son. Her income consists of salary of $10,500 and $300 of interest from a savings account.
| ||
Eduardo is single, 18 years of age and earns $3,000 of wages. He has no dependents
| ||
George is 70 years old and has earned income of $2,500. He has no dependents and is not married.
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Frank and Karen have six children. Frank has a salary of $95,000 and files a joint return with his wife Karen |
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