This is my taxation Homework.

1. True or False. Taxpayer ("T"), a cash basis individual taxpayer, bought a bond for $8,760 on January 1, 2019, with a maturity value of $10,000 on January 1 2022 (meaning there are no scheduled payments other than the $10,000 received at maturity). Assume the yield to maturity is 4.5% on an annual basis. If the bond is a series EE government bond T will not be required to include any gross income in 2019, but if the bond is issued by a corporation, T must include $394.20 ($8,760*4.5%) in gross income in 2019? (Write "T" for true or "F" for false) 2. True or False. Taxpayer ("T") an individual calendar year taxpayer can take a deduction for qualifying medical expenses and the standard deduction in the same year? (Write "T" for true or "F" for false) 3. True or False. An advance payment received in June 2019 by an accrual basis and calendar year taxpayer for services to be provided over a 36-month period, can be spread over the 36 month period for tax reporting purposes? (Write "T" for true or "F" for false) 4. On January 1, Year 1, Taxpayer ("T") purchased both a bond and stock of Corporation X. The bond was purchased for $10,000, had a face value of $10,000 and paid 10% interest ($1,000) on December 31 of each year. The stock was purchased for $10,000 and paid a dividend of $1,000 on December 31, ex dividend date December 15. T sold both the X stock and the X bond on July 1, of Year 1. The bond sold for $10,300 and the stock sold for $11,000. What income, gain or loss, including character type (eg, capital gain, interest, dividend, ordinary) will Trecognize as a result of the sales? BOND STOCK 5. Taxpayer ("T"), a cash basis individual taxpayer, lent money to each of his two daughters ("01" and "02") on January 1 of the current yer. Tlent $50,000 to D1 and $110,000 to D2. T did not charge any interest on the loans. D1 was 19 years old and used the $50,000 to open a brokerage account which invested in stocks. D1 had $300 of net investment income during the year. D 2 was 26 years old and used the loan to renovate her personal house. D2 had no investment income during the year. The applicable federal rate "AFR" is a 5% annual rate. The loans were outstanding for the entire year. What amount of income, if any, will include on t's Individual income tax return as a result of the loan to D1 02 6. Taxpayer ("T") a 59 year-old calendar year individual taxpayer purchased an annuity from an insurance company for $100,000 in 2019. The terms of the annuity were that the company would pay T $5,000 a year to T for the rest of T's life. How much Income will include in T's personal income tax return as a result of receiving the $5,000 payment in 2020? In 2050