In 2018, Richard, a single taxpayer, has adjusted gross income of $40,200. His AGl includes $4,000 of qualified dividends. Richard does not itemize deductions What is his 2018 federal income tax? Select one a. None of the above b. $3,314 c. $3,194 d $2,714 All of the following items are deductions for adjusted gross income except Select one a. trade or business expenses. b. state and local income taxes. c. rent and royalty expenses d. charnable contributions made AB Partnership earns $500,000 in the current yeat. Partners A and B are equal partners who do not receive any distributions during the year. How much income does partner A report from the partnership? Select one: a. $250,000 b. None of these. c. $500,000 d 50