Tax Accounting Please show work

11) Taxable income for an individual is defined as

A) AGI reduced by itemized deductions and tax credits.

B) gross income reduced by itemized deductions.

C) AGI reduced by the greater of the standard deduction or itemized deductions.

D) AGI reduced by tax credits.

12) All of the following items are deductions for adjusted gross income except

A) one-half of self-employment tax.

B) trade or business expenses.

C) state and local income taxes.

D) rent and royalty expenses.

13) A single taxpayer provided the following information for 2018:

Salary	$80,000
Interest on local government bonds (qualifies as a tax exclusion)	2,500
Allowable itemized deductions	14,000

What is taxable income?

A) $66,000

B) $68,500

C) $80,000

D) $82,500

14) In 2018, the standard deduction for a married taxpayer filing a joint return and who is 67 years old with a spouse who is 65 years old is

A) $27,200.

B) $26,600.

C) $24,000.

D) $12,000.

15) Fatima is claimed as a dependent by her parents. She had a part-time job during 2018 and earned $4,000 during the year, in addition to $1,000 of interest income. What is her standard deduction?

A) $1,050

B) $4,000

C) $5,000

D) $5,350

16) On September 1, 2018, Hussein turned 65. Hussein has been a widower for five years and has no dependents. His standard deduction is

A) $12,000.

B) $13,600.

C) $24,000.

D) $25,300.

17) Which of the following is not considered support for the dependent support test?

A) food

B) clothing

C) rental value of lodging

D) value of services rendered by the taxpayer for the dependent

18) The child credit is for taxpayers with dependent children under the age of

A) 24.

B) 19.

C) 17.

D) 14.

19) Lebron and Leticia Johnson have three children ages 14, 16, and 19. The 19-year-old is in the military and not a dependent. Their modified AGI is $107,500. What is the amount of the child credit to which they are entitled for 2018?

A) $0

B) $2,000

C) $3,000

D) $4,000

20) When a spouse dies, the surviving spouse for the year of death

A) must file a tax return using the single filing status.

B) must file a tax return using the head of household filing status.

C) may file a married filing jointly return only if the death occurred in the last half of the year.

D) may file a married filing jointly return.

21) Katia, age 14, is a dependent of her parents. Her only source of income in 2018 is $7,500 of interest income on bonds given her by her grandparents. Katia's marginal rate is 10%, and her parent's marginal rate is 28%. Katia's tax for 2018 is (kiddie tax rules for 2018)

A) $357.

B) $395.

C) $964.

D) $1,044.