Pursuant to the de minimis safe harbor election provided in the 263 regulations, a deduction is allowed for an expenditure that does not exceed:

Select one:

a. $100

b. $500

c. $1,000

d. $5,000

With regard to Schedule C, due diligence would require you to ask additional questions if:

Select one:

a. The client has no records to support the income claimed.

b. The client has no records to support the deductions claimed.

c. The numbers the client provides you are all round numbers.

d. The net income claimed by the client would allow him/her the maximum Earned Income Credit (EIC).

e. All of these

Lucas and Ana are married but Lucas moved out of their apartment in May 2020. They have no children and do not want to file a joint return. In June 2020, Anas mother, whose only income is $3,950 of social security, moved in withAna. Ana paid over half of her mothers support and all the cost of keeping up the home and can claim her as a dependent. Which filing status can Ana use?

a. Head of Household

b. Married filing separately

c. Single

d. None of these