8) Herbert (age 60) is single and provided all of the support for his daughter, Sally (age 22), and her son, Norton (age 3). Neither Sally nor Norton lived with Herbert at any time during the year. Sally was a full-time student for 6 months of the year. She earned $8,000 in wages and had no other income. Sally will file a return to get EIC. Which of the following statementsare correct?

Select one:

a. Herbert can claim Norton as a dependent

b. Herbert cannot claim Sally or Norton as dependents

c. Herbert can claim Sally as a dependent

d. Herbert can claim Sally and Norton as dependents

9) Lamar, age 16, received a Form 1099-B for stocks he sold in the portfolio that his grandmother started for him. Form 1099-B shows sales proceeds of $3,500 with a basis of $2,000. He also had a part-time job after school and earned $3,500 in wages. Lamar is claimed as dependent on his mother's return. What will Lamar's standard deduction be?

Select one:

a. $1,100

b. $12,200

c. $3,850

d. $6,350

10) Delilah and George live in Florida and pay real estate taxes on the following properties: Their personal home - $8,600; an empty lot by the lake that they use to camp on for vacations -$2,610; farmland they rent to a local farmer - $1,200; a house that they rent out - $2,950. What is the amount of real estate taxes they can claim as an itemized deduction on Schedule A?

Select one:

a. $15,360

b. $11,210

c. $10,000

d. $8,600

11) In the case of a charitable contribution of property (i.e., a non-cash contribution), in general

Select one:

a. The allowable deduction is the fair market value (FMV) of the property on the date of the contribution

b. If you claim a deduction of more than $500, you must complete Form 8283 and attach it to your return

c. If you claim a deduction of more than $5,000, you must obtain a qualified appraisal of the property's value. The FMV of donated used clothing is far less than its original cost

e. All of these