Can you explain those four questions, please?

5. Rob is the sole shareholder of Lemon Corporation/The basis of his stock is se5.000. Lemon distributes $150,000 to Rob in 20X1. Eamings and profits for Lemon are $45.000. What are the tax consequences of the distribution? Taxable Dividend Decrease in Stock Basis Capital Gain a. $ 40,000 $ 65,000 $ 45,000 b. $ 45,000 $ 65,000 $ 45,000 C. $ 45,000 $ 65,000 $ 40,000 d. $150,000 Zero Zero e. None of the answers provided is correct. 750,000 (170,-) 6. Ken purchased an annuity contract for $104,160 on February 28, 2035. He is to receive $700 per month starting April 1, 20X5, and continuing for life. He has a life expectancy of 20 years. What is the amount of Ken's annuity income that must be included in his gross income for 20X5? $ 2,394 6. $ 3.192 c. $ 3,906 2407000 = 168, comme d. $ 5,208 Too x 12x20 = e. None of the above 168. (104.16) 63,840 / 20X12 = 266 266x9 = 2394 7. Ben, who is single and takes the standard deduction, has taxable income of $160,000, tax preferences of $30,000 and a regular tax liability of $32,480. What is his AMT? a. $33,670 b. $32,480 c. $ 1.190 160,000 d. $ 3.780 70,000 9 e. None of the answers provided is correct. AMTI: 190.000 11.90) II.1 0.26. = 90,446 32 8. Tom has year 20X1 tax liability of $42,000. He estimates that 20x2 tax liability will be $48,000. Year 20X1 AGI was $165,000 Year 20x2 withholdings from wages will be $26,000. What amount of estimated tax payment must Tom make each quarter to not incur an underpayment penalty for 20X2? a $ 5,050 b. $5,500 C. $ 4,000 d. $ 6,500 e. None of the answers provided is correct. AGE Wholdings