40. The amendment to the U.S. Constitution allowing the imposition of a federal income tax is the: A) Second Amendment B) Thirteenth Amendment C) Sixteenth Amendment D) Nineteenth Amendment 41. In 2021, David is diagnosed with cancer and expected to live less than 12 month5. David cashes in a life insurance policy early under a special option and receives 80% of the face value amount of $400,000. How much will David report as income on his 2021 tax return? A) $0 B) $80,000 C) $320,000 D) $400,000 42. Which of the following situations would prevent a taxpayer from filing with the status married filing jointly? A) The spouse died during the year B) Taxpayer is married, but living in a separate household from spouse C) Taxpayer was married several years, but finalized the divorce in December D) None of the above prevent a taxpayer from filing married filing joint TAX CALCULATION (16 points) Randy and Sharon are married filing jointly. Their 2021 tax and other related information is below. Compute the amount of refund or tax owed. (Show ALL calculations)