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	18. What is the total taxable interest income shown on Line 8a of Form 1040?

	A. $80

	B. $110

	C. $150

	D. $260

19. How does the code Q on Quincy's Form 1099-R from Essex Bank affect the return?

	A. The entire distribution is not taxable.

	B. Half of the distribution is taxable.

	C. The entire distribution is taxable.

	D. There is no such code. The taxpayer must get a corrected Form 1099-R from the bank.

Note: The printed Publication 6744 was missing the following worksheet required to answer this question: Schedule D Worksheet for Capital Loss Carryovers or Sale of Your Home, 2016 Capital Loss Carryovers from This Year to Next Year 1. Amount from Form 1040, line 41: $34,372 2. Loss shown on Schedule D, line 21 as a positive amount: $3,000 3. Combine lines 1 and 2: $37,372 4. Smaller of line 2 or line 3: $3,000 5. Loss shown on Schedule D, line 7: blank 6. Gain, if any, shown on Schedule D, line 15: blank 7. Add lines 4 and 6: $3,000 8. Short-term capital loss carryover. Subtract line 7 from line 5: $0 9. Loss shown on Schedule D, line 15 as a positive amount: $3,450 10. Gain, if any, shown on Schedule D, line 7: $0 11. Subtract line 5 from line 4: $3,000 12. Add lines 10 and 11: $3,000 13. Long-term capital loss carryover. Subtract line 12 from line 9: $450 The Short Term and Long Term Loss Carryover is not currently carrying to the appropriate line on Form 1040 in the Practice Lab. See https://vitablog.taxslayerpro.com/ for details and updates. 20. What is the amount shown on Form 1040, Line 13 Capital gain or loss?

	A. $1,916

	B. $2,451

	C. $2,366

	D. $2,001

21. How much of the $17,500 gross distribution reported on Form 1099-R is taxable in 2017? $________.

(Do not enter dollar signs, commas, periods, or decimal points in your answer.)

22. Is Quincy's Social Security income taxable?

	A. Yes, a portion of the Social Security income is taxable.

	B. Yes, all of the Social Security income is taxable.

	C. No, because their total income is less than $32,000.

	D. No, Social Security benefits are never taxable.

	23. Are the Pikes entitled to claim an earned income credit for 2017?

	A. No, because their investment income exceeds the amount allowed to claim.

	B. No, Quincy is over the age of 65.

	C. No, Lucas is not a qualifying child for purposes of the EIC.

	D. Yes, they are eligible for the credit.

	24. What is the total income tax withholding on the tax return? $________. (Do not enter dollar signs, commas, periods, or decimal points in your answer.)