1 John smith earned $95, 000 in wages, has $15,000 dividend income in 2020. He also incurred passive loss of $15,000 in 2020. His AGI for 2020 is a b 95,000 110,000 95,000 None of the above d 2 Charlie invested $65,000 in a Plumbing Business in 2019. The Plumbing Business generated loss of $30,000 in 2019.. He invested $20,000 again in Plumbing Business in 2020. The Plumbing Business generated loss of $120,000 in 2020. How much loss can he deduct in 2020. Charlie's interest is not passive a b d 120,000 55,000 35,000 None of the above 3 John conducts reserch activities in his business. He incurred the following research expenses In-house wages 80,000 Payment to outside contractors 60,000 a John's quailfied research expenditures are: 140,000 b 80,000 119,000 d None of the above C a 4 The maximum amount of Work opprunity tax credit in 2020 is 24,000 b 6.000 C 2,400 d None of the above 5 A taxpayer who is married and has one dependen child, in order to claim earned income credit, they must file a OT Joint return Maried filing separate tax return Married filing joint return or married filing separate tax retun None of the above d