Please answer the questions. Thank you!!

Question 115 of 151.

Frank, a 49-year-old single taxpayer, earned $97,000 in wages. He is not covered by an employer-sponsored retirement plan. His maximum allowable contribution to a traditional IRA for 2021 is $6,000.

True.

False.

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Question 116 of 151.

Tax preparers should only document questions and answers for returns for EITC. Due dilligence notes are not required for any other return.

True.

False.

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Question 117 of 151.

When a couple decides to file married filing separately, one may take a regular standard deduction and the other one may itemize.

True.

False.

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Question 118 of 151.

Jabari won $1,344 on a slot machine. He reported the income. He has $2,368 in documented losses from gambling. He can deduct all of these losses on Schedule A.

True.

False.