Please Respond

1. On January 1, 2018 Seymour starts to receive a pension from his employer under a defined benefit (pension) plan. The plan was funded entirely by the employer. What portion of the benefits is taxable?

A. Zero

B. A portion based on the simplified method

C. A portion based on the general method

D. 100%

1. Greg is out of work in 2018. Which of the following benefits is tax free if gets them?

A. Severance pay

B. Unemployment benefits

C. Worker's compensation

D. Supplemental unemployment benefits received from a company-finance fund.

1. Which of the following expenses qualify for the American Opportunity Tax Credit?

A. Books required for a course of study

B. Student health fees

C. Room and board

D. Transportation