please answer the following questions

Examination Questions 45 Hour Federal Tax Law Single and 22 years old, was unemployed for a few months during 2015. He eamed $6,700 in wages Off, and he received $1,400 in unemployment compensation afterwards. He had no other ven though he had gross income of $8,100, he did not have to pay income tax because his gross income than the filing requiremnent for a single person under age 65. He filed a return only to have his withheld income. E income tax refunded to him. In 2016 Ray made no estimated tax owe for the underpayment penalty in 2016? Ray began regular work as an independent contractor and eamed $28,000 payments in 2016 and he did owe tax at the end of the year. What amount does Ray A. $0 B. $555 C. $558 D. $630 21. The payment transaction limit for which a taxpayer can use a debit or credit card to make a payment for a Form 1040 tax return, for the current tax year, is how many times per year? A. 1 time per year C. 3 times per year D. 4 times per year at is the user fee when a taxpayer enters into a standard installment agreement or a payroll deduction A. $50 agreement with the IRS allowing for periodic partial payments of taxes owed? B. $125 D. $300 23. K a taxpayer files a claim for a loss from worthless securities or bad debt deduction, he or she must keep records t support items shown for how many years after the return was filed? A. 5 years B. 7 years C. 8 years D. No limit Lesson 2 24. Which of the following Federal tax forms could a single filing taxpayer use if his or her taxable income is $175,000? A. Form 1040EZ B. Form 1040A D. All of the above 25 An individual can use Form 1040NR-EZ instead of Form 1040NR if all of the following items apply except: 2 A The taxpayer does not claim any dependents B. The taxpayer cannot be claimed as a dependent on another person's U.S. tax retum If the taxpayer was married, he or she claims an exemption for his or her spouse e taxpayer does not claim any tax credits 26. Emily Smith files her tax return on the basis of a fiscal year. Her records show that she received income in November 2015 and February 2016 from which there was backup withholding ($100 and $50, respectively). Emily takes credit for what amount of backup withholding on her tax return for the fiscal year ending September 30, 20167 A. $0 B. $50 C. $100