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11. Which of the following persons can the taxpuyer clain as a dependent? Assume that each of the following onmumid persons live with the tuxpayer

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11. Which of the following persons can the taxpuyer clain as a dependent? Assume that each of the following onmumid persons live with the tuxpayer during the year. a. The taxpoyer's 13-year-old dawghter who has 54,500 of interest incame b. The taxpayer's 70-year-old parear whe dies during the year and has no gross income c. The taxpaycr's 15-ycat-old aiece who las en grons income d. None of the ahove can be claimed as the taypyer's dependert c. All of the above persons can be chimed as the taxpuyer's dependent 12. A married couple has a net shon-term capital hoss of $2,000 and a aet long-term capital loss of S3,000 for the year. If the couple has no other gains or losses, what, if anythirs, camis over to the next year? a. $2,000 shont-term capital less b. $2,000 long-term capital loss c. \$2,000 shoft-term capinal lass; \$3,000 long-1cme capial loss d. 5500 short-term capital loss $1,500 long-terme chital loss c. The couple has no capital less carryovar 13. Several years ago, Kurt paid $15,000 foe 1,000 shanes of stock in ABC. During the current year ABC declares a three-for-one stock split. Shortly thereafter, Kurt sells 1,000 shares of ABC sock for $12,000. His recogaized gain on the sale of the 1,000 stases is: a. $3,000. b. $2,000. c. 50 . d. $12,000 e. $5,000. 14. A vacition home is rented oel for 10 days dering the year and exed pernonally by the ewner for 20 days during the year, What pereentage of real estate taxes should be dedacted on Schodale A? a. 0% b. 33% c. 67% 4. 100n e. none of the above. 15.The creffit for small enployer health inserance peerniums is moe avatlable to: a. employers that employ mote than 10 full fime equivalent (FTE) employecs. b, employers that pay less than 5006 of their amployees' health insurance promiums. c. cmployers whose conployec's wages average moec than $27,806 in 2021 . d. both a. and c. e. all of the above. 16. The MACRS basis of 5-year property acquired en March 3.20X1 is $10,000. The property is sold on November 4, 20X2. If the hali-year coevention applies to persoeal property acpuired in 201 and the regular (accelerated) MACRS method is esed, depreciasion expense in 202 is: a. $2,000 b. 51,000 c. $1,600 d. $3,200 c. 52,800

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