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b. One O. Two Od Three e. None of the above. QUESTIONS Tony, whose wife died in December 2018, filed a joint tax return for
b. One O. Two Od Three e. None of the above. QUESTIONS Tony, whose wife died in December 2018, filed a joint tax return for 2018. He did not remarry but has continued to maintain his home in which his two dependent children live What is Tony's filing status in 2021? a. Head of household b. Surviving spouse Olt Single d. Married filing separately e. None of the above, QUESTION 9 Matt, a successful executive, is negotiating a compensation plan with his potential employer. The employer has offered to pay Matt a $600,000 annual salary, payable at the rate of $50,000 per month. Matt counteroffers to receive a monthly salary of $40.000 (S480.000 annually) and a $180,000 bonus in five years when Matt will be age 65. a. If the employer accepts Matt's counterolier, Matt will recognize $660.000 at the time the offer is accepted. b. If the employer accepts Matt's counteroffer, Matt will recognize as gross income $55.000 per month [(S480,000 + S180,000)/12. c. If the employer accepts Matt's counteroffer, Matt will recognize $40.000 income each month for the year and $180,000 in year 5. d. If the employer accepts Matt's counteroffer, Matt must recognize imputed interest income on the $180,000 to be received in five years. e. None of the above. Tick Save and Submit to saze and submit Chek Save All Answers to save all answers. QUESTION 10 Kyle purchased a certificate of Heposit for $20,000 on July 1, 2020. The certificate's maturity value in two years (June 30, 2022) is $21,218, yielding 3% before-tax interest. O a. Kyle must recognize $1,218 gross income in 2020. O b.Kyle must recognize $1,218 gross income in 2022. O c Kyle must recognize $600 (0.03 * $20,000) gross income in 2022. O d. Kyle must recognize $300 (0.03 * $20,000 * 0.5) gross income in 2020. e. None of the above
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