Question
Jamie is single. In 2016, she reported $105,000 of taxable income, including a long-term capital gain of $5,500. What is her gross tax liability, rounded
Jamie is single. In 2016, she reported $105,000 of taxable income, including a long-term capital gain of $5,500. What is her gross tax liability, rounded to the nearest whole dollar amount? (Use the tax rate schedules.). A)$20,897 B) $21,722 C)$15,750
Montague (age 15) is claimed as a dependent by his parents Matt and Mary. In 2016, Montague received $5,120 of qualified dividends and he received $920 from a part time job. What is his taxable income for 2016? A)$0 B) $4,380 C) $4,770
Trudy is Jocelyn's friend. Trudy looks after Jocelyn's four-year-old son during the day so Jocelyn can go to work. During the year, Jocelyn paid Trudy $4,140 to care for her son. What is the amount of Jocelyn's child and dependent care credit if her AGI for the year was $31,400? (Exhibit 8-9) A)$0 B)$780 C) $3,000
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