5. 6. If tax rates are decreasing: a. Taxpayers should accelerate income (B. Taxpayers should defer deductions c. Taxpayers should accelerate deductions d. Taxpayers should defer deductions and accelerate income e. None of the choices are correct Annissa is a 22-year-old full-time college student (she plans on returning home at the end of the school year). Her total support for the year was $34,000 (including $8,000 of tuition). Annissa covered $11,500 of her support costs out of her own pocket (from savings, she did not work) and she received an $8,000 scholarship that covered all of her tuition costs. Which of the following statements regarding who is allowed to claim Annissa as a dependent is true? a. Even if Annissa's parents provided the remaining $14,500 of support for Annissa ($34,000-11,500-8,000) they would not be able to claim her as a dependent. 7. b. Even if Annissa's grandparents provided the remaining $14,500 of support for Annissa ($34,000-11,500-8,000) they would not be able to claim her as a dependent. c. Because she provided more than half her own support, Annissa would not qualify as her parents' dependent. d. None of these statements are true. On April 1, Sally is given $20,000 worth of City of Boise bonds for her 18th birthday. On June 30, Sally receives the $800 annual interest payment on the bonds. How much income should Sally recognize due to these two events? a. None b. The value of the interest c. The value of the bonds d. The value of the interest and the value of the bonds