dotla emapital gain of $5,000. What is her gross tax liability, rounded ttee icluding dollar amount (use the tax rate 1. Paula is a qualifying widow Paula is a qualifying widow. In 2017, she reported $100,000 of taxable income, long term capital gain of $5,000. What is her gross tax I schedules)? a. $17,727.50 b. $20,332.00 c. $15,977.50 d. $16,357.50 e. $15,227.50 2. Which of the following is NOT likely to be allowed as a current deduction for a CPA Accounting business? a. cost of paper and office supplies b. professional dues c. cost of copier maintenance d. cost of a new building to expand business e. tax payments for real estate taxes 3. Faith reports a regular tax liability of $12,000 and tentative alternative minimum tax of minimum tax liability for the year? a. $14,000 b. $12,000 c. $2,000 d. $0 e. None of these 4. Which of the following statements regarding FICA taxes is true? a. Low income employees are not required to pay FICA taxes b. The wage base limit for FICA taxes depends on the taxpayer's filing status C. The maximum amount of Medicare taxes an employee is required to pay is capped each year but the maximum amount of Social Security taxes is not d. An employee who has two different employers during the year may be entitled to a tax credit for overpaid FICA taxes e. All of these