Ms. Green is single and over 65 years old. She received the following income in the current year Interest from certificates of deposits 3,000 Tax-exempt interest 6,000 Taxable dividends 5,000 Taxable pension 20,000 Wages from consulting work 9,000 Social Security 14,000 She did not have any adjustments to income. What is the taxable amount of Ms. Green's Social Security 57.000 O $11.900 $14.000 $18.100 D Question 25 2 pts On April 1 of the current year, Sam, a cash-basis taxpayer, leased office space from Executive Plaza for 5 years, beginning May 1 of the current year, for $800 per month. During the year, he paid $7.500, of which $1.100 was for advance rent, to Executive Plaza. What is the amount Sam can deduct for the current year? 55,000 $6,400 $2,000 58400 D Question 26 2 pts Alicia owns a boat that cost her $10,000. The boat's FMV is now $6,000. She transfer the boat to her new business and begins to depreciate it. Alicia later sells the boat for $12,000 after taking $2,000 of depreciation What is her gain or loss on the sale? $12,000 loss $4,000 gain 56.000 gain 0 $4,000 loss Question 27 2 pts On March 1 of the previous year, a parent sold stock with a cost of $8,000 to their child for $6,000, its fair market value. On September 30 of the current year, the child sold the same stock for $7,000 to Hancock, who is unrelated to the parent and child. What is the proper treatment for these transactions? O Parent has a $2.000 recognized loss and child has $1,000 recognized gain Parent has $2,000 recognized loss and child has so recognized gain Parent has $0 recognized loss and child has 51,000 recognized gain O Parent has $0 recognized loss and child has 50 recognized gain