Darla sold an antique collectible clock in 2019 for $3,000. She had purchased the clock in 2009 for $2,000. She is otherwise in the 24% marginal tax bracket. She does not sell any other assets during the year. What is her tax on the antique clock? Select one: a. $150 b. None of the other choices c. $280 d. $240 Donald is 56 yeard old and divorced. He is the only support for Linda, his mother who is 80 year old. She lives in a nursing home for the entire year. Linda had no income for the year. Dave's filing status and Child Tax Credit or Other Tax Credit is: Select one: a. single and $500 credit b. single and $2000 credit. c. head of household and $2000 credit d. head of household and $500 credit Edward Co. purchased a 7-year asset on 4/15/2020 for $50,000. In 2020 he was required to use the MQ convention. What is his depreciation for 2020? Answer: Tony decided to invest in an annuity that he bought from AIG Corp. He bought the annuity for $20,000. The annuity will pay him $500 per month for 10 years. What is Tony's income per year? Select one: a. $0 b. $2,000 c. $6,000 O d. $4,000 Gregory purchased a life annuity for $4,500 that will provide him $100 monthly payments for as long as he lives. Based on IRS tables, Gregory's life expectancy is 150 months. How much of the first $100 payment will Gregory include in his gross income? Select one: O a. $30 O b. $100 c. None of the choices are correct O o d. $70 e. $0