1. Jason sold the following securities:

Security Date of Purchase Date Sold Number of Shares

1- ABC company stock 06/30/2014 01/25/2017 500

2- ABC company stock 09/15/2014 07/25/2017 800

3- ABC company stock 08/15/2016 12/18/2017 100

4- ABC company stock 01/18/2017 12/30/2017 400

The gross proceeds for stock sales #1 and #3 were $27,500. The gross proceeds for stock

sales #3 and #4 were $16,300. The sales price for stock #4 was $32 per share. The sale

price for #2 was $25 per share. Calculate the sale price per share for the #1 stock.

a) $25/share

b) $48/share

c) $32/share

d) $55/share

2. Margaret owns her own business. She is married filing a joint return. She paid $500 per

month for her health insurance. Her husband's employer paid all his health insurance

premiums for his family plan, except $35 per month. What amount will Margaret be allowed

to deduct for the self-employed health insurance adjustment on Form 1040?

a) $ 0

b) $3,600

c) $6,000

d) $6,420

3. Madison, 18, is in her first year of college. She lives with her parents and attends a local

college. Madison's parents continue to claim her as a dependent since she is a full-time

student and under age 24. Her parents paid the following amounts for qualified tuition in 2017:

$2,700 in March for the summer semester (2017)

$3,500 in June for the fall semester (2017)

$3,300 in December for the spring semester (2018)

What amount of qualified tuition will Madison be allowed to use in calculating her 2017

American Opportunity Credit on her tax return?

a) $ 0

b) $2,700

c) $6,200

d) $9,500