This section e points achi -52 points)- Allocate by the most cha m p minutes to each guest for total of water 1. Ideny A pays p ostos the statement below this employed net ser it d icht pay SE allemployment) self-employment income at 15.31 of the medinicom in the workforce he came income tax credit s an fraudulently claimed by individuals d. Under the CIA, the child it was increased from 51.000 52.000. The Lifetime learning credit is an example of a refundable credit 2. Which of the following statements are we? Theat-risk tilation limita deductions to the amount at risk, which is the amount the taxpayer stands to lose the investment becomes worthless The passive loss rules require the taxpayer to serente all income and losses into three categories active, portfolio and passive 3. Any trade or business or income producing activity in which the taxpayer does not materially participate is considered a passive activity. 4. In general, passive losses can only offset active Income. a. J and 4 only b. I only e 1, 2, and only d. 2 and 3 only e. and 2 only 3. Jermaine and Kesha are married, file a joint tax retum, and have one dependent child, Devona. Devona is a null-time sophmore at college. Her tuition expenses and fees total 55,200 and books total $800. Assuming their AGI does not exceed any phaseout amount, the American Opportunity credit available to Jermaine and Kesha is: a. $6.000. b. $2,500. c. $2,000. d. $4,000. 4. Ryan performs services for Jordan. Which, if any, of the following factors indicate that Ryan is an employee rather than an independent contractor? a. Ryan provides his own support services (e.g., work assistants). b. Ryan obtained his training (i.e., job skills) from Jordan. c. Ryan is paid based on tasks performed. d. Ryan makes his services available to others. e. Receipt of a Form 1099 reporting payments received