31. Compute the taxable income for 2012 for Aiden on the basis of the following in- formation. Aiden is married but has not seen or heard from his wife since 2010. Salary $ 80,000 Interest on bonds issued by City of Boston 3,000 Interest on CD issued by Wells Fargo Bank 2,000 Cash dividend received on Chevron common stock 2,200 Life insurance proceeds paid on death of aunt (Aiden was the designated beneficiary of the policy) 200,000 Inheritance received upon death of aunt $100,000 Jackson (a cousin) repaid a loan Aiden made to him in 2008 (no interest was provided for) 5,000 Itemized deductions (state income tax, property taxes on residence, interest on home mortgage, and charitable contributions) 9,000 Number of dependents (children, ages 17 and 18 and mother-in-law, age 70) 3 Age 43 33. Using the legend provided below, classify each statement as to the taxpayer for dependency exemption purposes. Legend QC = Could be a qualifying child QR = Could be a qualifying relative B = Could satisfy the definition of both a qualifying child and a qualifying relative N = Could not satisfy the definition of either a qualifying child or a qualifying relative a. Taxpayers son has gross income of $7,000. b. Taxpayers niece has gross income of $3,000. c. Taxpayers uncle lives with him. d. Taxpayers daughter is age 25 and disabled. e. Taxpayers daughter is age 18, has gross income of $8,000, and does not live with him. f. Taxpayers cousin does not live with her. g. Taxpayers brother does not live with her. h. Taxpayers sister, has dropped out of school, is age 17, and lives with him. i. Taxpayers older nephew is age 23 and a full-time student. j. Taxpayers grandson lives with her and has gross income of $7,000