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I need these answered please 1. (TCO 3) Mr. and Mrs. Drake were separated for the last 2 months of last year. During separation, Mr.

I need these answered please

1. (TCO 3) Mr. and Mrs. Drake were separated for the last 2 months of last year. During separation, Mr. Drake passed away. Which of the following is Mrs. Drakes filing status for the year?(Points : 5) Single Head of household Married filing jointly Qualified widow(er)
Question 2. 2. (TCO 3) Mr. and Mrs. Adams have two qualifying children under the age of 17 for the child tax credit. They reported AGI of $80,000 in 2015. What should be the amount of the child tax credit?(Points : 5)
$1,000 $2,000 $3,000 $0
Question 3. 3. (TCO 4) Rob, a master's degree candidate at Drake University, was awarded a $12,000 scholarship from Drake in Year 8. The scholarship was used to pay Rob's Year 8 university tuition and fees. Also in Year 8, Rob received $6,000 for teaching two courses at a nearby college. What amount is includable in Rob's Year 8 gross income?(Points : 5)
$6,000 $17,000 $12,000 $0
Question 4. 4. (TCO 3) Ben and Marlee met at a New Year's Eve party held December 31, Year 1. They instantly bonded, fell madly in love, and were married at 11:38 p.m. that night. Identify the couples filing status for Year 1.(Points : 5)
Head of household Surviving spouse Married filing jointly Single
Question 5. 5. (TCO 3) Rowena, a single taxpayer, received $151,000 in salary, $18,000 in income from an S corporation in which she did not materially participate, and a $15,000 passive loss from a real estate rental activity in which she materially participated. Rowenas modified adjusted gross income was $165,000. What amount of the real estate rental activity loss was deductible?(Points : 5)
$15,000 $0 $20,000 $35,000
Question 6. 6. (TCO 4) Which of the following statements is true?(Points : 5)
Individual taxpayers may report qualified tuition expenses as an above-the-line deduction. Individual taxpayers should always report qualified tuition expenses as an itemized deduction. Qualified tuition expenses are never tax deductible. There is no phase out rule in deducting qualified tuition expenses for high income taxpayers.
Question 7. 7. (TCO 4) Steven is 23, and his annual compensation is $200,000. What is the maximum amount that Steven may contribute to a Section 401(k) plan on his behalf in 2015?(Points : 5)
$200,000 $17,500 $18,000 $49,000
Question 8. 8. (TCO 2) Janet and Ted have two children, Mary (age 10) and Seth (age 12). Janet's Aunt Martha resides with the family in an apartment over the garage. Martha's only income is $1,500 a month in Social Security benefits. Janet and Ted receive no rent payments from Martha and provide all remaining support for her living arrangements. How many exemptions are Janet and Ted entitled to in filing their joint tax return?(Points : 5)
Five Four Three Two
Question 9. 9. (TCO 5) Interest payments on undeveloped land financed with a mortgage are considered a(Points : 5)
loss on undeveloped land. standard deduction and itemized deduction. subtraction from gross income. deduction of investment interest, deductible to the extent of net investment income.

Question 10.10. (TCO 5) The appreciation on developed land that is being held for investment is(Points : 5)

taxable as income in the year of the appreciation. never taxable. taxable to the extent of the standard deduction. considered an unrealized gain in the year of appreciation.

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