Jim and Kay Ross contributed to the support of their two children, Dale and Kim, and Jim's widowed parent, Grant. For 2022, Dale, a 19-year-old, full-time college student, earned $6,550 as a bookkeeper. Kim, a 23-year-old bank teller, earned $14,050. Grant received $8,225 in dividend income and $7,225 in nontaxable Social Security benefits. Grant, Dale, and Kim are U.S. citizens and were over one-half supported by Jim and Kay. How many dependents can Jim and Kay claim on their 2022 joint income tax return?

 

Jim Planter, who reached age 65 on January 1, 2022, filed a joint return for 2022 with his wife, Rita, who is 50 years old and legally blind. Mary, their 21-year-old daughter, was a full-time student at a college until her graduation on June 2, 2022. The daughter had $6,400 of income and provided 25% of her own support during 2022. In addition, during 2022, the Planters were the sole support for Rita's niece, who had no income. How many dependents should the Planters claim on their 2022 tax return?

 

Ruth and Mark Cline are married and will file a joint 2022 income tax return. Among their expenditures during 2022 were the following discretionary costs that they incurred for the sole purpose of improving their physical appearance and self-esteem:

Face lift for Ruth, performed by a licensed surgeon	$5,000
Hair transplant for Mark, performed by a licensed surgeon	3,600

Disregarding the adjusted gross income percentage threshold, what total amount of the aforementioned doctors' bills may be claimed by the Clines in their 2022 return as qualifying medical expenses?

 

Sam and Ann Jefferson filed a joint federal income tax return for the calendar year 2022. Among their cash expenditures during 2022 were the following:

$3,000 real estate tax on residence; $400 state and city sales taxes; $900 state income tax.

What is the maximum deduction for taxes on the Jeffersons' 2022 return?

 

In 2022, Roe Corp. purchased and placed in service a machine to be used in its manufacturing operations. This machine cost $2,701,000. What portion of the cost may Roe elect to treat as a Sec.179 expense rather than as a capital expenditure?