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Please answer the questions Determine whether each of the following are considered Earned or Unearned Income items 1. Alimony 2. Business Income 3. Dividend Income

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Determine whether each of the following are considered Earned or Unearned Income items 1. Alimony 2. Business Income 3. Dividend Income 4. Interest Income 5. Unemployment Compensation Earned/Unearned 6. Wages, Salaries & Tips Earned/Unearned Earned/Unearned Earned / Unearned Earned/Unearned Earned /Unearned 7. Gross income is limited to amounts received in the form of cash. a. True b. False 8. Qualified dividends received by individuals are taxed at the same rate as ordinary income a. True b. False 9. Child support received is taxable to the recipient. a. True b. False 10. Cash receipts not reported on Form 1099MISC need to be reported as income on Schedule C or C-EZ a. True b. False 11. Business expenditures must be both erdinary and necessary to be deductible a. True b. False 12. Self-employed taxpayers cannot deduct both actual auto expenses and take the standard mileage rate for the number of miles driven for business on the same return. a. True b. False 13. What percentage of business meals and entertainment can be deducted on Schedule C? a.100% b, 50% . 3090 d. 25% 14. Miles from home to a client can be included as business miles and deducted as a part of the standard mileage rate (if commuting miles) a. True b. False

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