MCQ (46 points) 1. Yaser received $50,000 of interest income from tax-exempt bonds, $10.000 interest from their mutual funds, and $14,000 in Social Security benefits in 2019. What is the taxable portion of Yaser's social security benefits? A.$14,000. B. $11.900. C.$34,000, D.$32,550. E none of these is correct. 2.In which of the following independent situations does the taxpayer have taxable income? A.Maher inherited land valued at $400,000 from the estate of his wealthy grandfather. B.Amar, who manages a hotel, is required to live in the hotel for the employer's convenience and as a condition of employment. The value of the lodging, provided without charge, is equal to $800 per month. C.Alaa, who is an emergency room doctor, is required to eat in the hospital cafeteria to be available for emergencies. The meals are free to Alaa. D.Armina receive $10,000 interest income from a corporate bonds that she inherited from her father. E.None these answers. 3.Cassie received the following income in 2019 from the following investments: Citibank Bank saving account interest, $1,500; Interest from Dallas municipal bonds $1,200; Stock dividend, $2,300; and Cash dividend from GM stocks, $1,400. The amount that should be included in Cassie's income for 2019. A. $6,400. B. $2,900. C. $5,200. D. $5,000. E. None of these answers. 4.Zida is single and 48 years of age. She itemizes her deductions. Her AGI is $60,000. Zida provided the following information about her expenditures for 2019: Loss on sales of stocks 6,500; Interest on Capital one credit card 3,200; Mortgage interest payments 14,800; IRA contribution (Traditional) 5,500; State income tax estimated payment 2,200; Contribution to charitable organizations 2,000; Charitable Contribution 500; What is Zida's deduction for AGI for 2019? A.$8,500 B.$7,500 C.$21,800 D.$22,200 E.None of these answers