11) In 2020, Jimmy Joe Jackson had earned income of $14,400 and qualified for both a $300 nonrefundable tax credit and a $1,000 refundable tax credit. In 2020, he had no federal income tax withheld. Based solely on these facts, Jimmy Joe Jackson should receive a federal income tax refund of:

Question 11 options:

1)

$1,300

2)

$1,100

3)

$1,000

4)

$1,200

5)

None of these

20) In 2020, Jimmy "Jerry Jones" Johnson is over 65 years of age and has no dependents. His only income was his salary of $220,500. During the year, he made disbursements of the type that qualify as total allowable itemized deductions of $13,290. What is his standard deduction for 2020?

Question 20 options:

1)

$12,400

2)

$13,850

3)

$14,050

4)

$14,450

5)

None of these