14. Which of the following statemenis fegarding flina satun is faloe? A. A widow or widower maintainine a lome fot a dependen shild aualines as nurvivine. spouse for two tax years following the year of the spouse' death. B. Marital status for tax purposes is determined on the lant diny of the yeat. C. Any unmarried individual with a dependent ehild qualines an head of trouselvel A. The first step in the calculation of taxable income is determining the taxpayet's total income. B. Adjusted gross income is cqual to total income less above-the-tine deductions: Adjusted gross income can be reduced by the greater of the standard deduction or allowed to deduct the greater of itemized deductions or above-theD. Taxpayers are allowed to deduct the great 16. Mr. and Mrs. Kay, ages 68 A. $12,600 B. $16,350 C. $15,100 17. Adjusted gross income equals total income less itemized deductions. D. $17,250 18. Sixteen years ago, Ms. Herbert purchased an annuity for $96,000. Beginning in September of this year, the annuity began paying Ms. Herbert $4,000 per month for the rest of her life. TRUE or FALSE Based on her age, Ms. Herbert's expected return is $300,000. How much of the $16,000 that she received this year is included in taxable income? A. $0 B. $5,120 C. $10,880 D. None of the above