please answer unanswered questions

254. Mary is a single taxoayer and has modtied adjusted gress ii bl 00 l e ap Credit she can claim on her 2016 income tax return? A. B C. D. $12,650 per eligible child 13, 190 per eligible child $13,460 per eligible child $14,500 per eligible child 268 Which of the following is true regarding Treasury Circular 230? A The circular contains the rules regarding eligibili ty to become an enrolled agent and renewal of enrollment B. The circular contains rules of conduct applicable to enrolled agents, enrolled retirement plan agents C. The circular contains rules regarding disciplinary actions for tax returm preparers who are not D. The circular contains rules of conduct applicable to attorneys or certified public accountants, but not registered tax return preparers, and enrolled actuaries, but not attorneys or certified public accountants agents, registered tax return preparers, CPAs, or attorneys enrolled agents, enrolled retirement plan agents, registered tax return preparers, and enro lled actuaries 132. In which of the following situations does a taxpayer have to recapture the depreciation deduction (meaning he ar his or ner business use of listed property falls to 50% cr less in a tax year after the tax year he or she placed the property in service he includes in income part or all of the depreciation he or she deducted in previous years) he or she takes a Section 179 deduction for an asset and before the end of the asset's recovery period the percentage of business use drops to 50% or less C. li he or she seils or exchanges depreciable property at a gain D. All of the above 118. Mateo bought machinery on December 4, 2015. On June 4. 2016, he traded this machinery for other machinery in a rontaxable exchange On December 6. 2016, Mateo sold the machinery he got in the exchange. His holding period for this machinery began an which date? A. December 4, 2015 B. December 5, 2015 C. June 4, 2016 D. June 5, 2016 4 of the foiloving is considered a taxpayer's capital asset? A. Taxpayer's house 119 Real estate used in the trade or business C. Depreciable property used in the trade or business D Supplies regulary used in the trade or business 120. The taxpayer can elect to treat musical compositions and copyrights in musical works as capital assets when he or she sells or exchange them if certain conditions apply. The taxpayer must make the election within what time period of the due date (including extensions) of the income tax retum for the tax year of the sale or exchange? A. On or before the due date B. 30 days after the cue date of the return C. 90 days after the due date of the return D. 6 months after the due date of the return 121. In 2011 Lois purchased a painting for $5,000 at a local art gallery. She decided to sll the painting in 2016 and finds a buyer willing to pay $12,0C0. What is the maximum capital gains rate and maximum amount she may owe? A, 22% capital gains rate and $1,540 owed B. 24% capital gains rate and $1,880 owed 26% capita gains rate and $1,820 owed D ) 28% capital gains rate and S1.960 owed 101. Hillary deposited $5,000 with a bank and borrowed $5,000 from the bank to make up the $10,000 minimum depcsit required to buy a 6-month certificate of deposit. The certificate earned $575 at matunity in 2016, but she onty received $265, which represented the $575 she earned minus $310 interest charged on the $5,000 loan The bank gives Hillary a Form 1099-INT for 2016 showing the $575 interest she earned The bank also gives her a statement showing that she paid $310 interest for 2016. What amount must Hillary include in her income? A. $0 B. $265 C. $310 D $575