QUESTION 14 For a person who is in the 33% marginal tax bracket, $2,000 of tax-exempt income is equivalent to about $4, True False QUESTION 15 3.pe John received a scholarship to be used as follows: tuition $10,000; room and board $20,000; and books and laboratory supplies $1,000 John is required to include only $20,000 in his gross income. True False QUESTION 16 3 points The taxpayer incorrectly took a $40.000 deduction (eg, incorrectly calculated depreciation) in 2019 and as a result his taxable income was reduced by $40,000. The taxpaver discovered his error in 2020. The taxpayer should then add the $40,000 to his 2019 gross income in accordance with the tax benefit rule to correct for the 2019 error True False TI QUESTION 14 For a person who is in the 33% marginal tax bracket, $2,000 of tax-exempt income is equivalent to about $4, True False QUESTION 15 3.pe John received a scholarship to be used as follows: tuition $10,000; room and board $20,000; and books and laboratory supplies $1,000 John is required to include only $20,000 in his gross income. True False QUESTION 16 3 points The taxpayer incorrectly took a $40.000 deduction (eg, incorrectly calculated depreciation) in 2019 and as a result his taxable income was reduced by $40,000. The taxpaver discovered his error in 2020. The taxpayer should then add the $40,000 to his 2019 gross income in accordance with the tax benefit rule to correct for the 2019 error True False TI