2. What is Carolyn's basis in the building received in the exchange described in question 13 above, asuming she her basis in the building given up was $150,000? a. $200,000 b. $150,000 c. $155,000 1. Mary is divorced and files a head of household tax return claiming her two children, ages seven and nine, as dependents. Her AGI for 2022 is $91,500. How much is Denise's child tax credit for 2022? a. $2,000 b. $4,000 c. $3,000 d. $0 3. Carol constructed a building for use in her business (non-residential building). The cost of the property income land and building total $280,000. The value of land is $100,000, and it was placed in service on August 1, 2021. The building has a 27.5 year MACRS life. What is the amount of depreciation on the building for 2022, (Second year) using conventional straight-line depreciation? a. $2,000 b. $2,500