Which of the following is NOT true of the dependency tests for a Qualifying Relative(also known as relative (or others))?

	a.	Generally, a dependents gross income may not exceed the exemption amount.
	b.	Gross income includes scholarships
	c.	A child of the taxpayer under age 19 is exempted from the gross income test.
	d.	A child of the taxpayer under age 24 who is a full-time student at any time during the five calendar months of the tax year is exempted from the gross income test.
	e.	The taxpayer must provide more than 50% of total support.

Damage awards are NOT taxable in which of the following circumstances?

	a.	Damage awards are never taxable.
	b.	Punitive award for a wage discrimination suit.
	c.	Punitive award for a work-related injury.
	d.	Compensatory award for an automobile accident.
	e.	Compensatory award for a libel suit.

Taxpayer Kevin sold 100 shares of A Corporation stock for $32,500. Kevin had to pay sales commission of $840 on this sale. Taxpayer Kevin had originally paid $14,750 for the shares and a purchase commission of $320. What is Kevins adjusted basis?

	a.	$15,070
	b.	$32,500
	c.	$14,750
	d.	$320