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11, 13 and 15 i keep trying but every time i redo them i keep getting different numbers. please help a. $8,478 11 What is
11, 13 and 15 i keep trying but every time i redo them i keep getting different numbers. please help
a. $8,478 11 What is the amount of self-employment tax (rounded) that would be paid by Stan for 2021 assuming he earned $90.000 while working as an employee and another $60,000 from a business he owns? b) $9,180 1740 100,000 c. $8,078 Toc d. $8,154 7euro e. None of the answers provided is correct. 55410 12. Which of the following statements is true? Prizes and illegal income can generally be excluded from gross income. b. Payments designated as child support must be included in gross income when received. Under the cash method of accounting, income is always reported in the year the taxpayer actually receives the income. Un community property states, income from separate property is always considered separate property. e. None of the answers provided is correct. 13. Vince, age 64, retires and receives a $1,200 per month annuity from his employer's qualified pension plan. Vince contributed $78,000 to the plan prior to his retirement. His life expectancy is 20.8 years. Vince would report how much of the annuity in income each month? a. $1,200 20,8 x 12 x1200 900. 6$ 888 260 x 200 299520 c. $ 900 d. $ 312 31200C 2340 e. None of the answers provided is correct. 2015203 11250 14. Which of the following statements is true? a. In order to be subject to the kiddie tax the child must qualify as a dependent. Ye. The portion of a taxpayer's wages that are garnished by court order and forwarded to pay a delinquent bank loan are not taxable income to the taxpayer. c. A qualifying child of the taxpayer must meet the gross income test. d. Advance rental payments are taxed when earned, not when received, by an accrual basis taxpayer. @on e. None of the answers provided is correct. 15. In 2021, Mr. and Mrs. Brown redeem Series EE bonds and receive $10,000, consisting of $6,500 of principal and $3.500 of interest. Net qualifying educational expenses total $7.500. They are married filing jointly and have other AGI of $133,300. How much interest income must be included in 2021 because of the redemption of savings bonds? income a. $1,925 6. $2,450 C. $3,500 133 300 7500 d. $ 875 e. None of the answers provided is correct. - exclusions 172 wwwStep by Step Solution
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