Doug and Sue Click file a joint tax return and decide to itemize their deductions. The Clicks' Income for the year consists of $90,700 in salary, $2,350 Interest Income, and $870 long-term capital loss. The Clicks' expenses for the year consist of $1,150 Investment Interest expense. Assuming that the Clicks' marginal tax rate is 35 percent, what is the amount of their investment Interest expense deduction for the year? Multiple Choice O $1,480 $1,150 O $2.350. O $2.020. None of the choices are correct. Harmony reports a regular tax liability of $15,500 and tentative minimum tax of $17,550. Given just this information, what is her alternative minimum tax liability for the year? Multiple Choice $2050 O $17,550 O SO $15.500 Bateman Corporation sold an office building that it used in its business for $800,450. Bateman bought the building 10 years ago for $599,775 and has claimed $200,675 of depreciation expense. What is the amount and character of Bateman's gain or loss? Multiple Choice O $401,350 ordinary gain, $40,135 ordinary and $361,215 51231 gain. $401,350 capital gain. O O $200,675 ordinary and $200.675 $1231 gain. O None of the choices are correct. Trudy Is Jocelyn's friend. Trudy looks after Jocelyn's four-year-old son during the day so Jocelyn can go to work. During the year, Jocelyn pald Trudy $4,060 to care for her son. What is the amount of Jocelyn's child and dependent care credit if her AGI for the year was $30,600? (Exhibit 8-9) Multiple Choice $1.096 $810 O So O $3,000