14) Jamie is single. In 2018, she reported $101,000 of taxable income, including a long-term capital gain of $5,100. What is her gross tax liability, rounded to the nearest whole dollar amount? (Use the tax rate schedules, Tax Rates for Net Capital Gains and Qualified Dividends).

rev: 03_29_2019_QC_CS-164414

Multiple Choice

Top of Form

$18,071

$15,150

$19,674

Incorrect

$18,536

Trudy is Jocelyn's friend. Trudy looks after Jocelyn's four-year-old son during the day so Jocelyn can go to work. During the year, Jocelyn paid Trudy $4,170 to care for her son. What is the amount of Jocelyn's child and dependent care credit if her AGI for the year was $31,700? (Exhibit 8-9)

Multiple Choice

• $1,084

  Incorrect

• $780

• $3,000

• $0

Mcgrawhill essential of federal taxation 2019 ed