all 4 questions

S. The Williams are a married couple with two school-age children (under age 17). Use the information presented below concerning their 2014 income tax to answer the question that follows Gross income $91,878 Deductions for A.G.I. $7,500 (Alimony paid to a former spouse) 5 itemized deductions $11,600 Federal income taxes withheld $9,500 What is the amount, rounded to the nearest dollar, of the repnining Federal income taxes the Williams owe or the refund they will receive? a. $3,981 refund 0 $3.981 due e. $1,981 refund d. $1,981 due 9. Wolf sold a parcel of land that he had owned for three years for $4,000 cash, and buyer assumed a note secured by the property in the amount of $6,000. Wolf originally paid $7,500 for the land. What is his gain (or loss) realized on the sale? a. $10,000 b. $6,000 4000 $2,500 d. $(3,500) 10. Jaya Singh received a salary from IBM in 2013 of $50,000. At the same time, in 2013, Singh earned $1,000,000 as a self-employed financial advisor. Singh's total self- employed Medicare Tax is: a $26,781.50+$7,650.- b. $29,000.00+ $9,000. c.$26,781.50+$9,000. d. $29,000.00+ $7,650. 11. Sandy and Dave formed a professional financial planning partnership, agreeing to split the income 60:40, respectively. In 2014, the partnership had net income of $100,000. Dave withdrew $55,000 throughout the year and Sandy withdrew $45,000. Therefore, Dave has to include in his 2014 taxable income. a) $60,000 $55,000 c. $50,000 d. $40,000 e. S-0-, the partnership always pays the income taxes for the partners