Please answer all questions.

20.Which of the following is not true of the lfetime learning credit? A) It is a nonrefundable credit. B) The credit can be claimed by taxpayers who have graduated from college and are taking professional training courses to improve their job skills. C) A taxpayer with multiple dependents can claim a credit for each dependent's qualifying expenses. D) The credit is subject to phase out based on the taxpayer's AGI 21. Which of the following statements concerning tax credits is true? A) The tax benefit a taxpayer receives from a credit depends on the taxpayer's marginal tax rate. B) Refundable tax credits are limited to a taxpayer's gross tax liability C) Tax credits are generally more beneficial than tax deductions. D) None of the these is a true statement. 22. The wage base for which of the following taxes is capped? A) Federal income. B) Social Security. C) Medicare. D) Alternative minimum 23. Which of the following is not an additional tax a taxpayer may have to pay? A) Alternative minimum tax. B) Self-employment tax. C) Net investment income tax. D) Excess wage tax. 24. The alternative minimum tax base is typically the regular income tax base A) Smaller than B) About the same as C) Larger than D) Exactly the same as facts, which of the following statements is true regarding the rate at which the dividend will be taxed to Harrison? 25. Harrison received a qualified dividend. Without knowing any additional A) The dividend will be taxed at a 15% tax rate. B) The dividend will be taxed at a 20% tax rate. C) The entire dividend will be taxed at either 15% or the entire