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6. Bob had two jobs in 2016 earning a total of $119,850 in taxable wages. He paid Social Security taxes (SST) in the amount of

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6. Bob had two jobs in 2016 earning a total of $119,850 in taxable wages. He paid Social Security taxes (SST) in the amount of $6,252.70 from his primary job, ($100,850), and $1,178.00 from his second job, ($19,000). What is the amount of Bob's excess SST? a) $1,178.00 b) 0.00 c) 83.70 d) S 614.70 7. Who must refund the excess Social Security Taxes to Bob? a) The excess is refunded through Bob's income tax return b) Bob's primary employer c) Bob's secondary employer d) Bob can decide who refunds the excess SST 8. In 2016, Tom and Darla were employed al year. They each worked for only one employer the entire year. Tom paid Social Security taxes (SST) in the amount of $4,373 and Darla paid $7,649.40. What is the amount of their excess SST which they can claim as a credit? a) $4,675.40 b) 302.40 c) S d) S 395.40 9. Clark is preparing a return for a client who has a son in college. The son's college expenses are partly paid for by tax-free educational assistance. Which of the following would not be considered tax-free educational assistance? a) Qualified scholarships b) Qualified grants c) Employer provided education assistance d) Earnings from a work-study progranm 10. Junie Jones, is Scott's tax preparer, and explains that the foreign tax credit may be claimed in which of following ways on his tax return? a) Form 1040, line 45 b) Form 2106 c) Schedue B d) Schedule A"other taxes

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