15: W, age 70, is single and had taxable interest income of $22,000. She also received $12,000 of Social Security benefits and $1,000 of tax-exempt interest income. Given this information, determine the amount of W's Social Security benefits that should be included in her income for 2020.

$1,500

$4,000

$6,000

$2,000

The correct answer is not shown

17: B is employed by ABC Accounting as an auditor. In order to complete the audit of a client, ABC Accounting required that the members of the audit team work overtime for one week. ABC gave each member of the audit team $40 each evening so that they could purchase dinner at a nearby restaurant and return to the audit as quickly as possible. Given this information, the cash received by the audit team would likely:

Be taxable at capital gains rates

Deductible by the employees even if the payments were not included in the employee's income

Be taxable

Be 50% taxable

Not be taxable