11. Tony pays insurance deductible as compensation paid to the employee? premiums for his employees. What type of insurance premium is not a. b. All of these are deductible by Tony Whole life insurance with benefits payable to the employee's dependents C. Group term life insurance with benefits payable to the employee's dependents e. Key man life insurance with benefits payable to Tony Health insurance with benefits payable to the employees 12. Assuming tax? the kiddie tax applies, what amount of a child's income is subject to the kiddie a. Gross income b. All of it c. Taxable income less the standard deduction d. All of the parents unearned income e. The net unearned income 13. Agnes' AGI is $130,000. Her current tax liability is $64,218. Last year, her tax liability was $53,014. She will not owe underpayment penalties if her total estimated tax payments are at LEAST which of the following (rounded) amounts (assume she makes the required payments each quarter)? a. $o b. $47,713 . $53,014 d. $57,796 e. $58,315 14. Eloy Esparza operates an electrical business and this year the 3-year old van he used in the business was destroyed in a traffic accident. The van was originally purchased for $20,000 and the adjusted tax basis was $6,500 at the time of the accident. Although the van was worth $6,000 at the time of accident, insurance only paid Eloy $1,200 for the loss. What is the amount of Eloy's casualty loss deduction? a. $6,000 b. $14,000 c. $5,800 d. $5,300 e. $4,600