32) Kyle, whose wife died in Dec 2013, filed a joint tax return for 2013. He did not remarry, but has continued to maintain his home in which his two dependent children live. In the preparation of his tax return for 2017, what is Kyle's filing status? Head of household a. b Surviving spouse c. Single d. Married filing separately e. None of the above 33) White Company acquires a new machine (seven-year property) on July 10, 2017, at a cost of $700,000. White makes the election to expense the maximum amount under S 179. Determine the total deductions (Section 179, bonus and regular depreciation) in calculating taxable income related to the machine for 2017 assuming White has taxable income of $900,000 (round to nearest dollar). a. $614,290 b. $500,000 c. $339,579 d. e. $490,000 None of the above 34) Barry purchased a business asset (five-year property) on March 30, 2013, at a cost of $100,00. This is the only asset he purchased during the year. Barry did not elect to expense the asset under S 179 or claim bonus depreciation. Barry sold the asset on May 17,2017 Determine the cost recovery deduction for 2017 a. $9,600 b. $19,200 c. $30,000 d. $34,000 e. None of the above 35) Bruce and Linda are married, file a joint returm for 2017 and have AGl of $389,900 They have the following itemized deductions: State and local income taxes Real Estate taxes Home mortgage interest Charitable contributions Total $6,500 $8,000 $13,500 $9,000 $37,000 Calculate Bruce and Linda's allowable itemized deductions for 2015. (Phaseout for single $258,500 and for married filing jointly $389,900) a. $37,000 b. $35,500 c. $1,500 d. $20,000 e. None of the above