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Use the following information for the next 2 questions. Trevor of 530,000 Neveral years. The muity will pay him $2.50 mth from 62 until he

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Use the following information for the next 2 questions. Trevor of 530,000 Neveral years. The muity will pay him $2.50 mth from 62 until he dies. During the current year. These are and receives first maity payment Question 10 (1 point) If Trevor dies after receiving 182 monthly payments, he must amend prior returns and correct the income reported hased 12 monthly payments True False Question 11 (1 point) if Trevor receives more than 260 payments, the total of each payment received after the 260th payment is included in income True False Use the following information for the next 2 questions. During the current year, Daichi invests $30,000 in cach of two separate corporations. Each investment gives him a 25% ownership interest. Mexico Corporation is a regular corporation that has taxable income of $200,000 and pays dividends totaling $50,000. Japan Corporation is an Scorporation that has taxable income of S150,000 and pays $60,000 of dividends. Please do not consider any possible deductions related to Qualified Business Income (QBI) that Daichi may be eligible for Question 12 (1 point) As a result of these two investments, Daichi has $30,000 of taxable income from Mexico Corporation True False Question 13 (1 point) As a result of these investments, Daichi has $37,500 of taxable income from Japan Corporation True False

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