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DLAR Pluto files a single tax return and decides to itemize his deductions, Bob's income for the year consists of $75,000 of Salary: $3,000 long-term

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DLAR Pluto files a single tax return and decides to itemize his deductions, Bob's income for the year consists of $75,000 of Salary: $3,000 long-term capital gain, and $1,500 interest income. Bob's expenses for the year consist of 5800 in investment advice fees and 250 in tax return preparation fees. What is Bob's investment expense deduction? 43. Buzz Lightyear files a single tax retum and has adjusted gross income of $304,000. His net investment income is $53,000. What is the additional tax that Buzz Lightyear will pay on his net investment income for the year? 44. Rapunzel is an active participant in the rental condominium property she owns. During the year, the property generates a ($15,000) loss; however, Rapunzel has sufficient tax basis and at-risk amounts to absorb the loss. Ir Rapunzel has S115,000 of salary, $10,000 of long-term capital gains, $3.000 of dividends, and no additional sources of income or deductions, how much loss can Rapunzel deduct? 45. Jasmine is a qualifying widow in 2019. In 2019, she reports $80,000 of taxable income (all ordinary). What is her gross tax liability using the tax rate schedules? 46. Ariel, a single taxpayer, plans on reporting S30,475 of taxable income this year (all of her income is from a part-time job). She is considering applying for a second part-time job that would give her an additional $10,000 of taxable income. By how much will the income from the second job increase her tax liability? 47. Jasmine and Aladdin are married and they file a joint tax return. Jasmine received nearly five times the salary that Aladdin received. Which of the following statements is true? A) Jasmine and Aladdin likely pay no tax marriage penalty nor receive a tax marriage benefit. B) Jasmine and Aladdin likely pay a tax marriage penalty. C) Jasmine and Aladdin likely receive a tax marriage benefit. D) Jasmine and Aladdin likely will pay a tax marriage penalty and receive a tax marriage benefit. E) All of the statements are true F) None of the statements are true

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