1. Monique is a resident of the United States and a citizen of France. If she files a U.S. income tax return, Monique cannot claim the standard deductionr.

1. True
2. False

2. Taxpayers ("T"') and ("S"), each a single individual age 30, each work for Company X "X"). In 2023 X pays T $100,000 in cash. X pays S $70,000 in cash and 100 shares of stock in X Corp. with a fair market value of $20,000, and the right to use the company cabin in Colorado at any time - which has a fair market value of $10,000. S exercises S's right to use the cabin in 2024. T and S have the same gross income in 2023.

1. True
2. False

3. The federal income tax on individuals is a progressive tax while the federal income tax on corporations is not.

1. True
2. False