16" MCQ-06680 A taxpayer received $200 in interest from U.S. Treasury bonds and $300 in interest from municipal bonds. What amount of interest should be included in the taxpayer's gross income? $0 $200 $300 $500 MCQ-03078 Susie, John, Luke, and will provide support for their 80-year-old mother, Joyce. Joyce lives by herself in an apartment in Miami, Florida. Joyce earned $5,000 this year working at her church. Joyce provides 5% of her own support. Susie provides 30% of Joyce's support, John provides 10% of Joyce's support, Luke provides 15% of Joyce's support, and will provides 40% of Joyce's support. Under a multiple support agreement, who may claim Joyce as a dependent? Susie, Luke, John, and Will Susie, Luke, and Will Susie and Will Will (18") MCQ-12522 In which of the following scenarios would the head of household filing status be available to the taxpayer? O A single taxpayer maintains a separate home for his parent, who qualifies as a dependent. O A taxpayer with no dependents is the surviving spouse of an individual who died in the current year. O An unmarried taxpayer maintains a household with a 28-year-old son, who earned $10,000 during the tax year. O A single taxpayer maintains a household that is the principal home for five months of the year for his disabled child. 21" MCQ-04058 John earned $500,000 in his business during the current year, and his wife received investment income of $15,000. John provides more than half of the support of his 50-year-old widowed sister, who lives with John and earned $45,000 in salary. John also provides full support for his two children, an 18-year-old daughter and a 20-year-old son, who is a full-time college student. The family employs a live-in housekeeper and a live-in butler to assist them with their residence. Both the live-in housekeeper and the live-in butler provided all of their own support. How many people qualify as either a qualifying child or qualifying relative for John? Two Four Five Zero (24") MCQ-03268 Nia Johnson invested in a certificate of deposit (CD) at the local bank. The total interest to be earned on the CD amounted to $1,000. However, Nia withdrew the money early and only earned $800. The bank reported $1,000 of interest and a $200 early withdrawal penalty to Nia for tax reporting. How will Nia report the interest earned and the early withdrawal penalty? $800 as interest income $1,000 as interest income and no deduction for the early withdrawal penalty $1,000 as interest income and a $200 itemized deduction for the early withdrawal penalty o $1,000 as interest income and a $200 adjustment to AGI for the early withdrawal penalty