1. In 2022, Keith rode in a vanpool to work. Keith's employer paid Keith $5,000 for Keith's participation in the vanpool. The vanpool was a qualified transportation fringe benefit provided by Keith's employer.

How much of the $5,000 does Keith include in his taxable income for 2022 Federal Income Tax?

Group of answer choices

$0

$280

$1,640

$5,000

2.In 20X1, Lee was hurt in the course of his employment with Foster Farms. In 20X1, Lee was paid the following amounts from Foster Farms' worker's compensation insurance company:

$30,000 for a physical injury suffered by Lee $50,000 for replacement wages when Lee was unable to work $70,000 for physical pain suffered by Lee

How much of the above does Lee include in his taxable income for 20X1?

Group of answer choices

$0

$30,000

$50,000

$150,000

3. Jill is in the 24% Federal Marginal Tax rate. In 20X1, Jill bought $10,000 in State of California Municipal bonds, and earned $250 in interest from those Municipal bonds. How much money does Jill earn from the $250 in interest from the Municipal bonds after she pays Federal Income Tax on the $250 in interest?

Group of answer choices

$190

$0

$250

$10,000

4. In 20X1, Sanjay borrowed $100,000 from his sister. In 20X3, Sanjay told his sister he could not repay the loan. Sanjay's sister forgave Sanjay all $100,000 of the loan. In 20X3, how much does Sanjay include in his taxable income from the forgiveness of debt by his sister?

Group of answer choices

$100,000

$50,000

$25,000

$0

5. In 20X1, Juan is a student at UC Berkeley. Juan received the following from UC Berkeley in 20X1:

$30,000 scholarship for Tuition $10,000 scholarship for Books and Fees $20,000 for working as a teaching assistant $20,000 for room and board

How much of the above must Juan include in his taxable income for 20X1?

Group of answer choices

$0

$20,000

$40,000

$50,000

6. Diamelle purchased a life insurance policy on her life, and named Eric, her husband, as the beneficiary. Diamelle paid $50,000 for the life insurance policy. Upon Diamelle's death, the life insurance policy would pay $2,000,000 to Eric. On 6/30/20X1, Diamelle died. On 8/30/20X1, the insurance company paid Eric $2,000,000 pursuant to the life insurance policy.

How much of the insurance policy payment does Eric include in his taxable income in 20X1?

Group of answer choices

$0

$50,000

$1,950,000

$2,000,000

7. On 3/30/20X1, Rynn received a gift of $1,000,000 in cash from her father Matthew. How much taxable income from the $1,000,000 gift does Rynn include in her Federal taxable income in 20X1?

Group of answer choices

$0

$250,000

$500,000

$1,000,000

8. Devon was involved in a vehicle accident. Devon sued Dianne, the other driver. Dianne was found to be 100% at fault. Dianne paid Devon the following amounts pursuant to the lawsuit:

1. $30,000 for physical injuries that Devon sustained in the accident.
2. $40,000 for medical care for Devon
3. $60,000 for punitive damages
4. $30,000 to replace Devon's car. Devon's basis in her car at the time of the accident was $30,000

How much of the above does Devon include in her taxable income?

Group of answer choices

$0

$30,000

$60,000

$130,000

9. In 20X1, Juan purchased medical insurance for himself, his wife Juanita, and his son Miguel, through his employer. The medical policy costed $15,000. Juan paid $1,000 toward the medical insurance premium, and his employer paid $14,000 toward the medical insurance premium. How much of the $14,000 that was paid by Juan's employer is included in Juan's taxable income for 20X1?

Group of answer choices

$0

$1,000

$14,000

$15,000

10. In 2022, Paul's primary residence was destroyed in a fire, in a federally declared disaster area. In 2022, after his house was destroyed, Paul had to live in a motel for 7 months. In 2022, Paul's insurance company paid Paul $200,000 to cover the cost of the motel and his other living expenses. How much of the $200,000 that was received by Paul is included in Paul's taxable income for 2022?

Group of answer choices

$0

$50,000

$100,000

$200,000

11. Eva's employer provided child care services at the worksite to the employees. In 2022, Eva took advantage of the benefit, and received child care services valued at $12,000 from her employer. Eva paid $0 for those child care services. In 2022, how much of the $12,000 benefit does Eva include in her Federal taxable income?

Group of answer choices

$0

$7,000

$10,500

$12,000

12. Jemma is employed by United Parcel Service. United Parcel Service reimburses adoption expenses incurred by their employees. In 2022, Jemma's Adjusted Gross Income is $100,000. In 2022, United Parcel Service reimbursed Jemma $15,000 for adoption expenses incurred by Jemma. How much of the $15,000 reimbursement is includable in Jemma's 2022 Federal taxable income?

Group of answer choices

$0

$110

$14,440

$15,550

13. Aliyah received $500 in interest from U.S. government bonds, and $1,000 of interest from State of California municipal bonds. Aliyah is a California resident. How much of the interest that she received is taxable income for Federal Income Tax and California Income Tax?

Group of answer choices

$500 taxable for Federal Income Tax, and $500 taxable for California Income Tax.

$1,500 taxable for Federal Income Tax, and $1,500 taxable for California Income Tax.

$500 taxable for Federal income Tax, and $0 taxable for California Income Tax.

$0 taxable for both Federal Income Tax, and $0 taxable for California Income Tax.

14. In 20X1, Yvonne received $5,000 in qualified transportation fringe benefits from her employer. How much of the $5,000 is included in her taxable income on her California Income Tax Return?

Group of answer choices

$0

$1,760

$3,240

$5,000