13. George, age 67, and Linda, age 60, are married taxpayers with three dependent children. Their adjusted gross income for the 2016 tax year is $142,000. They have itemized deductions of $24,000. What is the exemption deduction amount for their joint tax return for 2016? (Points : 1)

$20,000 $20,250 $20,500 $20,750

27. Mike purchased stock in MDH Corporation 5 years ago for $15,500. This year he sold it for $12,650 and then paid a $250 sales commission to his broker. He had no other capital gains or losses during the year. What is Mike's amount realized? (Points : 1)

$15,500 $12,650 $12,400 $12,900

Question 28.28. Mike purchased stock in MDH Corporation 5 years ago for $15,500. This year he sold it for $12,650 and then paid a $250 sales commission to his broker. He had no other capital gains or losses during the year. What is Mike's adjusted basis? (Points : 1)

$15,500 $12,650 $12,400 $12,900

Question 29.29. Mike purchased stock in MDH Corporation 5 years ago for $15,500. This year he sold it for $12,650 and then paid a $250 sales commission to his broker. He had no other capital gains or losses during the year. What is Mike's realized gain or loss? (Points : 1)

$15,500 $12,650 $12,400 $12,900