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12) Stacy is single and has taxable income of $39,290. Included in her gross income was the sale of stock on 11/13/20 for $20,000. That

12) Stacy is single and has taxable income of $39,290. Included in her gross income was the sale of stock on 11/13/20 for $20,000. That stock was purchased on 2/2/15 for $5,000. The tax liability applicable to only the capital gain is A) $0. O B) $2,250. O C) $3,000. O D) $1,200. QUESTION 10 8) Dave, age 59 and divorced, is the sole support of his mother age 83, who is a resident of a local nursing home for the entire year. Dave's mother had no income for the year. Dave's filing status is O A) married filing separately. B) single. O C) head of household. D) married filing jointly. QUESTION 11 18) Jeffery and Cassie, who are married with a 2020 AGI of $90,000. They are paying for their dependent son Clarke to attend a local university. Clarke is a full-time freshman at the university. Jessie and Cassie received a 2020 Form 1098-T from the University, indicating that the total tuition payments were $7,500. Their American Opportunity Tax Credit for 2020 is A) $7,500. O B) $2,000. C) $2,500. D) $1,000image text in transcribed

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