Craig and Blanca are eligible individuals who filed jointly for 2019. Their adjusted gross income was $120,000. They have three qualifying children ages 11,7, and 3. How much did they receive for the advanced rebate authorized by the CARES Act? A. $1,200 B. $2,400 C. $2,700 D. $3,900 Which of the following does the CARES Act provide? . It increases the interest expense limitation from 30% to 50% for tax years beginning in 2019 and 2020 O B. It eliminates bonus depreciation for leasehold improvement property. C. It disallows the deduction of excess business losses by noncorporate taxpayers. D. It eliminates the employer portion of payroll taxes for 2 years. Select the best answer Which of the following items does the CARES Act provide? A. Automatic forgiveness for all SBA-guaranteed loans O B. Penalties for HDHPs providing telehealth services C. New aviation excise taxes D. Advance refunding of credits for paid sick leave and paid family leave Which of the following changes does the CARES Act provide? O A. Required minimum distributions (RMDs) are suspended for 5 calendar years. 0 . Individuals who take the standard deduction in 2020 are allowed a $300 above-the-line charitable deduction O c. Corporations cannot deduct qualified charitable contributions in excess of 10% of the corporation's taxable income. D. Student loan payments made by an employer are taxable to the employee. For employers eligible for the employee retention credit, what percent of wages is the refundable payroll tax credit for wages paid during 2020 under the CARES Act? O A. 25% B. 50% C. 75% D. 100%