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7. Taxpayer, age 69 and single, reports 2020 salary income of 23,000, municipal bond interest income of $900, dividend income of $800, and Social
7. Taxpayer, age 69 and single, reports 2020 salary income of 23,000, municipal bond interest income of $900, dividend income of $800, and Social Security benefits of $14,000. What amount, if any, of the Social security benefit must be reported as gross income on Taxpayer's 2020 Form 1040? $ 0 A B 7,000 C 11,900 D 3,350 E None of the above 8. Which of the following expenditures would not be allowed as a deduction? If more than one would not be allowed, select either D or E. A. A speeding ticket B. C. D. E. An expense incurred while operating an illegal gambling business A government imposed penalty None of the above neither A nor C would be allowed None of the above -- neither A, B, nor C would be allowed
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