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65. Bruce has rental income from an apartment building. He has several repairs and improvements which must be made to the property. Which of the

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65. Bruce has rental income from an apartment building. He has several repairs and improvements which must be made to the property. Which of the following items is a rental property repair that cannot be depreciated? a) Replacing a deck b) Replacing a roof c) Replace a broken window pane d) Installing a tub in a bath that only had a shower stal 66. Samuel and his ex-wife have a 17-year-old daughter, Emily. Samuel has custody of Emly and he will claim her as a dependent on his tax return. Emily had wages of $5,500 from her part-time job and unearned income of $400 in 2017. What standard deduction may Emily use on her 2017 individual tax return? a) $6,250 b) $5,850 c) $1,050 d) $6,350 67. Amy and Mike Johnson are filing a joint tax return for tax year 2017. Their adjusted gross income (AGI is $385,000. What is their personal exemption amount for tax year 2017? a) $8,100 b) $3,402 c) $1,782 d) O 68. Bob is single, age 35, with a dependent child iving with him. He has AGl of $415,850 for 2017. Included in the AGI, he has gambling winnings of $2,000. He has the following expenses for the year Dollar Amount Items: $18,000 $21,000 Dollar Amount $3,500 $3,800 $7,000 $5,000 Mortgage Interest State Income Taxes Credit Card Interest Real Estate Taxes Charitable Contribution Medical Expenses (after AGI limitation) Personal Property Taxes Gambling Losses 1,550 S 4,500 What is the amount of Bob's itemized deductions for 2017? a) $54.504 b) $58.004 c) $57,004 d) $58,350 69. Hal, age 52 and singe, had taxable compensation for the year of $6,700. In addition, he received interest income of $300. During the tax year, he contributed $6,400 to his IRA He is covered by a retirement plan at work and his modified adjusted gross income (MAGI) is $22,000. What is the maximum IRA deduction he can take for tax year 2017? a) $6,400 b) $6,700 c) $5,500 d) $6,500

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