26. Which statement below is true of single filing status?

a. A single taxpayer may not claim dependents.

b. Single filing status applies to anyone who does not qualify as married.

c. A person whose divorce becomes final on December 30, and does not remarry the next day, will use married filing joint filing status for the calendar year.

d. A married person may not elect to use single filing status.

____ 27. W is a fulltime student and is claimed as a dependent by his parents. During 2021, he had interest income of $1,300 and wages of $2,250. He also had records supporting itemized deductions of $75. How much is Ws standard deduction?

a. $2,250

b. $900

c. $2,600

4. $3,600

____ 28. Pat, age 12, received the following income in 2021:

Dividends $2,750

Interest 1,800

Wages 400

She deposited all her income in a savings account. Pat is a U.S. citizen and lives with her parents, who provide the full $7,000 annual cost of her support. Which statement is true?

a. Pats parents may not claim her as a dependent.

b. Pat has net unearned income of $4,550, which is taxed at her parents tax rate.

c. Pat has taxable income of $3,850.

d. Pats standard deduction is $750.

____ 29. A 37 percent tax is assessed on income in excess of specified levels for 2021. Which of the following is not true of the 37 percent bracket?

a. The 37 percent bracket applies to unlimited amounts of income over the specified levels.

b. The level at which a head of household encounters the 37 percent bracket is the same as that for a single individual.

c. The fact that a taxpayer reaches the 37 percent bracket does not affect the rates of tax paid on income in lower tax brackets.

d. The 37 percent bracket applies to all types or characters of income.