33. During 2017, Montoya (age 15) received $2,200 from a corporate bond. He also received $600 from a savings account established for him by his parents. Montoya lives with his parents and he is their dependent. What is Montoyas taxable income?

A. $2,800

B. $2,200

C. $1,750

D. $0

34. Which of the following statements regarding personal and dependency exemptions is true?

A. To qualify as a dependent of another, an individual may not file a joint return with the individual's spouse under any circumstance.

B. To qualify as a dependent of another, an individual must be either a qualifying child or a qualifying relative of the other person.

C. To qualify as a dependent of another, an individual must have a family relationship with the other person.

D. To qualify as a dependent of another, an individual must be a resident of the United States.

36. Curtis invests $250,000 in a city of Athens bond that pays 7% interest. Alternatively, Curtis could have invested the $250,000 in a bond recently issued by Initech, Inc. that pays 9% interest with similar risk as the city of Athens bond. Assume that Curtis's marginal tax rate is 28%.

If Curtis invested in the Initech, Inc. bonds, what would be his after-tax rate of returnfrom this investment?

A. 5.04%

B. 7.00%

C. 6.48%

D. 2.52%

E. None of the choices are correct.