47.The lifetime learning Credit is: a. Not based on the student's workload b. Maximum $2,000 per tax return for all eligible students c. Not limited to students in the first four years of post-secondary education and can include graduate level students d. All of these 48. Interest that is tax-exempt is reported on: a. Form 1040 3a b. Form 1040 3b c. Form 1040 2a d. Form 1040 2b 49. Ben and Sarah were legally separated under a divorce decree on December 29, 2018. They had lived apart since September 2017 and have no children or other dependents. How will they be filing in 2018? a. Single b. Married Filing Joint c. Married Filing Separated. Head of Household 50. Form 1099-C is used to report a. Cancellation of Debt b. Certain Gambling winnings c. HSA contributions d. Child care expenses 51. Monroe is a mechanic and his Form W-2, box 1, shows $21,000 from his job at Wild Autos. He also works as a waiter on the weekends. His Form W-2 from the restaurant shows wages $8,000 in box 1. He also received $18 in tips, which were not reported to his employer. What amount will Monroe report as wages on Form 1040, line 1? a. $8,018 b. $29,000 c. $21,018 d. $29,018 52. Jerome, who files as head of household, received the following income: Wages (box 1 of Form W- 2) $50,000; Interest income $1,000; Christmas ham (FMV) $22; and DCB, box 10 of Form W-2 $2,000 (Spent $1,500 for childcare). How much gross income must Jerome report? a. $51,500 b. $53,022 c. $53,000 d. $51,022