1. True or False. Taxpayer (T), a cash basis individual taxpayer, bought a bond for $8,760 on January 1, 2019, with a maturity value of $10,000 on January 1 2022 (meaning there are no scheduled payments other than the $10,000 received at maturity). Assume the yield to maturity is 4.5% on an annual basis. If the bond is a series EE government bond T will not be required to include any gross income in 2019, but if the bond is issued by a corporation, T must include $394.20 ($8,760*4.5%) in gross income in 2019?

______ (Write T for true or F for false)

2. True or False. Taxpayer (T) an individual calendar year taxpayer can take a deduction for qualifying medical expenses and the standard deduction in the same year?

______ (Write T for true or F for false)

3. True or False. An advance payment received in June 2019 by an accrual basis and calendar year taxpayer for services to be provided over a 36-month period, can be spread over the 36 month period for tax reporting purposes?

______ (Write T for true or F for false)

Plz give me answer with explanation !