David and Rachael got married on August 29, 2021. What is their filing status on their 2021 tax return?

1. Single

2. Head of Household

3. Married filling jointly

4. Qualifying widower

Irene's husband passed away this year. After his death, Irene received $500,000 of proceeds from life insurance on her husband, and she inherited her husband's stock portfolio worth $700,000. What amount must Irene include in her gross income?

1. $1,200,000

2. $500,000

3. $0

4. $700,000

Miley works at Grand Geneva Resort. Her employer provides lodging valued at $28,000 per year. Miley is required to live on the property because she is the property manager. How much of the $28,000 does Miley have to include in her gross income?

1. $22,400

2. $14,000

3. $0

4. $28,000

Michelle is an employee at ABC College. She earns a salary of $65,000. Her employer pays $3,000 for her health insurance premium, $1,500 for her dental insurance premium, and contributes $5,000 to her 401K during the year. What amount must Michelle include in her gross income?

1. $65,000

2. $70,000

3. $68,000

4. $69,500

Roger received the following gifts in 2021: $2,000 from his Aunt Beth, $12,000 from his parents and $5,000 from his grandparents. What is the amount of gift income Roger needs to include in his 2021 gross income?

1. $0

2. $5,000

3. $7,000

4. $19,000

This year Chrissy celebrated her 35th year as an employee of the Tennis Channel. In recognition of her long and loyal service, the company awarded Chrissy a gold watch worth $250 and a $5,000 cash bonus. What amount must Chrissy include in her gross income?

1. $250

2. $0

3. $5,000

4. $5,250