Please answer all questions.

dividend will be taxed at 20% depending on Harrison's marginal ordinary income tax rate. D) None of the choices are correct. 26. Tamra and Jacob are married, and they file a joint tax return. Tamra received nearly five times the salary that Jacob received. Which of the following statements is true? A) Tamra and Jacob likely pay no tax marriage penalty nor receive a tax marriage benefit. B) Tamra and Jacob likely pay a tax marriage penalty. C) Tamra and Jacob likely receive a tax marriage benefit D) Tamra and Jacob likely will pay a tax marriage penalty and receive a tax marriage benefit. 27 llene rents her second home. During the year, lene reported a net loss of $15,000 from the rental. If llene is an active participant in the rental is $140,000, how much of the loss can year? she deduct against ordinary income in the A) $15,000. B) $10,000 C) $5,000 D) s0 28. Harvey rents his second home. During the year, Harvey reported a net loss of $35,000 from the rental. If Harvey is an active participant in the rental and his AGI is $80,000, how much of the loss can he deduct against ordinary income for the year? A) $35,000. B) $25,000. C) $5,000. D) $o. 29. Braxton owns a second home that he rents to others. During the year, be used the nd for 100 days for rental use. After expenses between personal use and rental use, which of the following statements regarding the sequence of deductibility of the second home for 50 days for personal use a allocating the home-related expenses allocated to the rental use is correct (assume taxpayer bas no expenses to obtain tenants)? taxes and interest A) Depreciation expense, other expenses, property expense B) Other expenses, depreciation expense, property taxes and interest expense C) Prope rty taxes and interest expense, depreciation expense, other expenses