I have 5 accounting multiple choice questions I need finished within the next hour (timed test). Thank you.

(TCO E) For federal tax purposes, dividend payments from a C corporation are _____. active income portfolio income passive income None of the above (TCO D) Tom Smith had a short-term capital loss of $3,000 in 2016, a short-term capital gain of $1,900, a short-term capital loss carryover from 2015 of $700, a long-term capital gain of $1,800, and a long-term capital loss of $1,000. What is Tom's deductible loss in 2016? $1,000 $1,800 $2,000 $3,000 (TCO G) All of the following income items are includible in an employee's gross income except _____. severance pay for the cancellation of employment vacation allowance worker's compensation payment moving expense reimbursement (TCO C) Jim is operating his business as a single-member LLC. He desires to be taxed as a corporation. What does he need to do? Write to the Department of State where the LLC was created File Form 2553 File Form 8832 Add one other member (TCO F) Debbie is a 50% owner in MAE Inc., an S corporation. MAE Inc. had the following results from operations in 2016: Ordinary business income of $40,000, charitable contributions of $5,000, Long-term capital gain of $3,000. How much income should Debbie report on Schedule E? None. The income is reported on the Corporations Form 1120S only. $20,000 $35,000