Help answering the following questions

1. Howard and Willa are married, file a joint return, and have 2 children ages 9 & 11. Their combined adjusted gross income is $35000. They incur $6000 of childcare expenses during the current year. The child and dependent care credit is ?

a. 0

b. $960

c. $1200

d. 6000

2. Blaine and JIm own a houseboat as joint tenants. Blaine is leaving the country and transfers his ownership rights in the houseboat to his brother, Doug, In this situation:

a. Doug and Jim become joint tenants

b. Doug and Jim own the houseboat as tenants by the entirety

c. Doug and Jim own the houseboat as tenants in common

d. Blaines transfer is effective because a joint tenant is not entitled to transfer his or her share of the property to anyone other than another joint tenant.

3. Lee's 2003 taxable income is $65,000 before considering charitable contributions. Lee is a single individual. She makes a donation of $10000 to the American Red Cross in December 2000. By what percent did Lee's marginal tax rate decline simply because of the donation?

a. 0

b. 1.1%

c. 3.0%

d. 5.0%

4. Martin and Van are officers of Buren Information Corp. As corporate officers, the rights of Martin and Van are:

a. the same as those held by the corporate directors

b. determined by their employment contracts

c. specified in state corporation statutes

d. the same as those held by the coporate shareholders

5. Ace tools Inc, wants to make a bulk transfer of its equipment and inventory to Baker Equipment Co. FOr the transfer to be effective against Ace's creditors:

a. Ace must furnish Baker with a list of Aces existing creditors

b. Ace and Baker must prepare a schedule of the property transferred

c. Baker must preserve the list of creditors and the schedule of property for 6 months

d. All of the above must be done.