49. Max a single filer, had wages of 188,000 in the tax year. He earned an additional 15,000 in come from dividends and capital gains. He had no other income or adjustments. What is his net investment income tax?

a. 0

b. 114

c. 456

d. 570

50. The tax code required substantiation of all the following: the amount of the expense, the time, place, or description, and business purpose/business relationship. What is the exception to this requirement?

a. Expenses are clearly ordinary and necessary

b. The employer provides an advance to the employee

c. The standard meal rate is used for travel meals and travel meals are the only expense

d. The reimbursement is form a nonaccountable plan

51. Sara works as a sales representative and travels frequently. Her unreimbursed travel expenses for the year include: 2,500 for airfare, 1,500 for lodging, 100 for dry cleaning, 150 for taxi fare, and 400 for meals. What are her deductible travel expenses?

a. 4,350

b. 4,450

c. 4,550

d. 4,650