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Answer the following five questions as to what you believe to be either TRUE OR FALSE by placing an X to the left of T for TRUE or to the right of F for FALSE. Or you can circle or highlight your answer. T F 1. UNMARRIED is an acceptable filing status. T F 2. Life insurance proceeds received by the beneficiary (receiving party) beneficiary. T F 3 3repaid income is never taxable in the year of receipt. For instance, a new rental tenant on July 1,2022 paid the first and last month rent to their landlord, for a one-year lease that starts on August 1, 2022 and ends on July 1, 2023. Because the landlord has not even come close to having earned the last month's rent, the landlord does not have to report the prepayment as taxable income on his or her 2022 federal income tax return. T F 4. Gifts are tax free but only up to $1,000. T F 5. Tax Form Schedule C is where Interest and Dividends are reported