Which type of income is not taxed?

a.Excluded income.

b.Scholarship income in excess of tuition, fees, and required books and supplies.

c.Unearned income.

d.Unemployment income.

The maximum long-term capital gain tax rate that applies to a single individual with total taxable income less than $30,000 is:

a.15%.

b.5%.

c.0%.

d.10%.

George is single and has taxable income of $19500. What is his tax? (Round answers to 2 decimal places, e.g. 52.75.)

a.$2925.00.

b.$2340.00.

c.$2149.50.

d.$1072.50.

If someone is married, which of the following filing statuses can they choose when filing their tax return?

a.Married filing jointly.

b.Married filing separately.

c.Head of household.

d.Either married filing jointly or married filing separately.