3 questions . thank you

Which of the following types of income are not considered ordinary income? Multiple Choice Both net long-term capital gains (in excess of short-term capital losses) and qualified dividend income. Qualified dividend income. Net long-term capital gains (in excess of short-term capital losses). Both compensation income and qualified dividend income. Compensation income. This year, Fred and Wilma, married fling Jointly, sold their home sales price $750,000; cost $200,000). All closing costs were paid by the buyer. Fred and Wilma owned and lived in their home for 20 years. How much of the gain is included in gross income? Multiple Choice $550,000 $250,000 None of the choices are correct. $300,000 $50,000 Which of the following is true about Section 162 deductible business expenses? Check all that apply. Check All That Apply In order to be deductible under Section 162, the expense must be ordinary. In order to be deductible under Section 162, the expense must be necessary A taxpayer may deduct Section 162 business expenses as an itemized deduction A taxpayer can deduct illegal bribes under Section 162. A taxpayer can deduct hobby expenses under Section 162