The filing status of a taxpayer $($e$.$g$.,$ single, head of household$)$ must be identified before the applicable standard deduction is determined.

a$.$ True

b$.$ False

Indicate the answer choice that best completes the statement or answers the question.

During $2023,$ Enrique had the following transactions:

Enrique's AGI is:

a$.$ $$64,000.$

b$.$ $$66,500.$

c$.$ $$70,500.$

d$.$ $$104,000.$

Hannah, age $70$ and single, is claimed as a dependent by her daughter. During $2023,$ Hannah had interest income of $$2,650$ and $$950$ of earned income from babysitting. Hannah's taxable income is:

a$.$ $$0.$

b$.$ $$400.$

c$.$ $$2,250.$

d$.$ $$2,350.$

Kyle and Liza are married and under $65$ years of age. During $2023,$ they furnish more than half of the support of their $19-$year old daughter, Kendra, who lives with them. She graduated from high school in May $2022.$ Kendra earns $$15,000$ from a part$-$time job, most of which she sets aside for future college expenses. Kyle and Liza also provide more than half of the support of Kyle's cousin who lives with them. Liza's father, who died on January $3,2023,$ at age $90,$ has for many years qualified as their dependent. How many dependents can Kyle and Liza

claim?

a$.$ None

b$.$ One

c$.$ Two

d$.$ Three

Regarding the Tax Tables related to the Federal income tax, which of the following statements is correct?

a$.$ For any one year, the Tax Tables are issued by the IRS after the Tax Rate Schedules.

b$.$ The Tax Tables will always yield the same amount of tax as the Tax Rate Schedules.

c$.$ Taxpayers can elect as to whether they use the Tax Tables or the Tax Rate Schedules.

d$.$ The Tax Tables can be used by an estate but not by a trust.