11. Sadie received $78,300 of compensation from her employer and she received $540 of interest from a corporate bond. What is the amount of Sadie's gross income from these items?Multiple Choice

a. $0

b. $540

c. $78,300

d. $78,840

12. Lebron received $76,300 of compensation from his employer and he received $545 of interest from a municipal bond. What is the amount of Lebron's gross income from these items? Multiple Choice

a. $0

b. $545

c. $76,300

d. $76,845

13. Joanna received $55,800 compensation from her employer, the value of her stock in ABC company appreciated by $12,400 during the year (but she did not sell any of the stock), and she received $34,600 of life insurance proceeds from the death of her spouse. What is the amount of Joanna's gross income from these items? Multiple Choice

a. $55,800

b. $68,200

c. $102,800

d. $90,400

14. Jamison's gross tax liability is $8,250. Jamison had $2,100 of available credits and he had $4,250 of taxes withheld by his employer. What are Jamison's taxes due (or taxes refunded) with his tax return?Multiple Choice

a. $6,150 taxes due

b. $1,900 taxes due

c. $1,900 tax refund

d. $4,000 taxes due

15. Madison's gross tax liability is $14,250. Madison had $5,700 of tax credits available and she had $12,750 of taxes withheld by her employer. What are Madison's taxes due (or taxes refunded) with her tax return?Multiple Choice

a. $0 taxes due and $0 tax refund

b. $8,550 taxes due

c. $4,200 tax refund

d. $1,500 taxes due