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1. Pippa is a nurse and earned salary of $63,550 during 2021. Additionally, she received $1,000 of qualified dividends from an investment. What is her

1. Pippa is a nurse and earned salary of $63,550 during 2021. Additionally, she received $1,000 of qualified dividends from an investment. What is her total tax liability in 2021 if she takes the standard deduction, and her filing status is Single? Hint: Remember to consider the character of her income.

a.

$6,749

b.

$6,899

c.

$9,510

d.

$9,729

e.

none of the above

2. Which of the following is most accurate with regard to monetary values?

a.

Gross income > Adjusted gross income > Taxable income

b.

Adjusted gross income > Gross income > Taxable income

c.

Taxable income > Adjusted gross income > Gross income

d.

Taxable income > Gross income > Adjusted gross income

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