1.Steven is a student and age 25. He is claimed as a dependent by his parents on their tax return in 2019. Steven has interest income of $1,800 and no other income. What is Steven's taxable income?

Group of answer choices

1,800

0

1,100

700

2. Rosemary received $1,000 graduation gift from her grandmother. This must be included in her gross taxable income.

Group of answer choices

True

False

3.Sherry won a $500 cash prize from a drawing at the local mall. Sherry can consider this a gift and does not have to include this in her taxable income.

Group of answer choices

True

False

4.Fred and Wilma are married taxpayers in 2019 and file a joint return. They are age 65 and 67 and in good health. For 2019, they have $59,000 in wages, $1,200 in interest income, and won $1,500 in a prize drawing. Fred and Wilma's deductions for adjusted gross income amount to $4,000 and their itemized deductions equal $12,000. They have no other dependents.

What is Fred and Wilma's 2019 tax?

Group of answer choices

3,296

1,940

1,356

3,351