I need help answering these problems

11. Which of the following steps, related to a tax bill, occurs first?

A) signature or veto by the President of the United States

B) consideration by the Senate

C) consideration by the House Ways and Means Committee

D) consideration by the Joint Conference Committee

12. Which of the following steps, related to a tax bill, occurs first?

A) signature or veto by the President of the United States

B) consideration by the Senate

C) consideration by the House Ways and Means Committee

D) consideration by the Joint Conference Committee

13. Which of the following individuals is most likely to be audited?

A) Andrew has AGI of $42,500 from wages and uses the standard deduction.

B) Viviana has a $175,000 net loss from her unincorporated business (a pig farm). She also received $750,000 salary as a CEO of a corporation.

C) Leticia is retired and receives Social Security benefits.

D) Mario is a school teacher with three children earning $70,000 a year. He also receives $350 in interest income on a bank account.

14. Sabrina files his 2020 tax return on April 1, 2021, shortly before the April 15 due date. Her return contains no misstatements or omissions of income. The statute of limitations for changes to the return expires

A) April 1, 2025.

B) April 15, 2024.

C) April 15, 2025.

D) The statute of limitations never expires.

15. What are the correct monthly rates for calculating failure to file and failure to pay penalties?

A)

Failure to file

Failure to pay

5.0%

5.0%

B)

Failure to file

Failure to pay

0.5%

0.5%

C)

Failure to file

Failure to pay

5.0%

0.5%

D)

Failure to file

Failure to pay

0.5%

5.0%

16. A single taxpayer provided the following information for 2021:

Salary

$80,000

Interest on local government bonds

(qualifies as a tax exclusion)

4,000

Allowable itemized deductions

13,000

What is taxable income?

A) $71,000

B) $67,450

C) $80,000

D) $67,000

17. Rob and Laura had the following income and deductions during 2021:

Salaries $110,000

Interest income 10,000

Itemized deductions 26,000

Taxes withheld during year 12,000

Calculate Rob and Laura's tax liability due or refund. They file a joint tax return.

$177 refund.

$177 tax due.

$12,177 refund.

$12,177 tax due.

18. Diana, who gives music lessons, is a calendar-year taxpayer using the cash-basis accounting. On October 1 of this year, she received $1,200 for a one-year contract beginning on that date to provide 10 lessons. She gave 6 lessons this year. How much should Diana include in income this year?

A) $480

B) $360

C) $720

D) $1,200

19. Aayush, a single taxpayer, had the following income and deductions during 2021:

Salary $65,000

Interest on bank account 300

Tax-exempt interest 200

Deduction for AGI 3,500

Itemized deductions 13,000

Taxes withheld 7,500

Calculate Aayush's tax liability due or refund.

$1,015 refund.

$1,015 tax due.

$6,485 refund.

$6,485 tax due.

20. In 2021, the standard deduction for a married taxpayer filing a joint return and who is 67 years old with a spouse who is 65 years old is

A) $26,450.

B) $28,500.

C) $27,800.

D) $25,100.