Question
1. Which of the following payments by Woodhaven can be deducted for the 2022 tax year? I. Special real estate assessment paid in 2022 for
1.
Which of the following payments by Woodhaven can be deducted for the 2022 tax year?
I. Special real estate assessment paid in 2022 for upgrading the sewer. |
II. Additional state income taxes due, paid in 2022 when filing Woodhaven's 2020 state income tax return. |
Group of answer choices
Only Statement I is correct
Neither statement is correct
Both statements are correct
Only Statement II is correct
2.
Which of the following statements are correct?
1.A taxpayer who is legally married can never qualify for head of household status.
2. Someone who is claimed as a dependent can always take a standard deduction of $12,950 in 2022.
Group of answer choices
1 only
Neither statement is correct
2 only
Both statements are correct
3.
Danek (2022 AGI of $245,000) owned stock in Acme Corporation that he donated to a church (a qualified charitable organization) on September 6, 2022. What is the amount of Daneks 2022 charitable contribution deduction assuming that he had purchased the stock (as an investment) for $5,000 on October 22, 2010, and the stock had a value of $35,000 when he made the donation?
Group of answer choices
$25,000
$30,000
$5,000
$35,000
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