3. Pat, a single taxpayer, earned $140,000 in 2023 as an accounting consultant. She has no...

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3. Pat, a single taxpayer, earned $140,000 in 2023 as an accounting consultant. She has no other income besides an $18,000 net capital gain. What is her taxable income (without considering self-employment tax)? a. $130,000 b. $115,320 C$116,150 d. $118,920 e. None of the answers provided is correct. (108150-98375) * 0.24 + 16,290 =2346+ a. Married filing joint, surviving spouse, head of household b. Married filing joint, surviving spouse, single c. Married filing separate, surviving spouse, head of household d. Surviving spouse, surviving spouse, single e. None of the answers provided is correct. 140,000 14. Mike is married to Lynn at the beginning of 20X1 and had a 20-year-old dependent daughter at that time. During 20X1, Lynn dies. Mike does not remarry in 20X2 or 20X3. His daughter earns $4,300 in 20X2 and $4,800 in 20X3 while attending school part-time in both years and is supported by Mike. What is Mike's filing status for 20X1, 20X2 and 20X3, respectively? (Tip: use current year income limits as you consider this question.) a. Decreases by $300. b. Increases by $500. c. Increases by $308. Decreases by $108. e. None of the answers provided is correct. Q trial courts. 6. $33,600 c. $35,000 d. $37,300 e. None of the answers provided is correct. (18,000) Circuit Cou other on their ru 15. Don, who is in the 24% tax bracket, sells taxable bonds (at no gain or loss) which yielded $800 of interest annually and purchases tax-exempt bonds yielding $500 of annual interest. What is the net cash effect of these transactions to Don for the year? 800 122,000 13,850 108150 (18636) 1 2021 2022 2023 , 16. Ken and Deb are married and file a joint return for 2023. Ken is over age 65 and Deb is legally blind. They have AGI for the year of $65,000. They also have mortgage interest of $15,000, charitable contributions of $6,000 and real property taxes on their home of $9,000. What is their taxable income for 2023? a$34,300 AGI :65,000 2 DS; Int. (15000) Eldor: (15,000) Blind: (6,000) Contri: (6000) SOU (9000) 3. Pat, a single taxpayer, earned $140,000 in 2023 as an accounting consultant. She has no other income besides an $18,000 net capital gain. What is her taxable income (without considering self-employment tax)? a. $130,000 b. $115,320 C$116,150 d. $118,920 e. None of the answers provided is correct. (108150-98375) * 0.24+ 16,290 =2346+ a. Married filing joint, surviving spouse, head of household b. Married filing joint, surviving spouse, single c. Married filing separate, surviving spouse, head of household d. Surviving spouse, surviving spouse, single e. None of the answers provided is correct. 140,000 14. Mike is married to Lynn at the beginning of 20X1 and had a 20-year-old dependent daughter at that time. During 20X1, Lynn dies. Mike does not remarry in 20X2 or 20X3. His daughter earns $4,300 in 20X2 and $4,800 in 20X3 while attending school part-time in both years and is supported by Mike. What is Mike's filing status for 20X1, 20X2 and 20X3, respectively? (Tip: use current year income limits as you consider this question.) a. Decreases by $300. b. Increases by $500. c. Increases by $308. Decreases by $108. e. None of the answers provided is correct. Q trial courts. 6. $33,600 c. $35,000 d. $37,300 e. None of the answers provided is correct. (18,000) Circuit Cou other on their ru 15. Don, who is in the 24% tax bracket, sells taxable bonds (at no gain or loss) which yielded $800 of interest annually and purchases tax-exempt bonds yielding $500 of annual interest. What is the net cash effect of these transactions to Don for the year? 800 122,000 13,850 108150 (18636) 1 2021 2022 2023 , 16. Ken and Deb are married and file a joint return for 2023. Ken is over age 65 and Deb is legally blind. They have AGI for the year of $65,000. They also have mortgage interest of $15,000, charitable contributions of $6,000 and real property taxes on their home of $9,000. What is their taxable income for 2023? a$34,300 AGI :65,000 2 DS; Int. (15000) Eldor: (15,000) Blind: (6,000) Contri: (6000) SOU (9000) 3. Pat, a single taxpayer, earned $140,000 in 2023 as an accounting consultant. She has no other income besides an $18,000 net capital gain. What is her taxable income (without considering self-employment tax)? a. $130,000 b. $115,320 C$116,150 d. $118,920 e. None of the answers provided is correct. (108150-98375) * 0.24 + 16,290 =2346+ a. Married filing joint, surviving spouse, head of household b. Married filing joint, surviving spouse, single c. Married filing separate, surviving spouse, head of household d. Surviving spouse, surviving spouse, single e. None of the answers provided is correct. 140,000 14. Mike is married to Lynn at the beginning of 20X1 and had a 20-year-old dependent daughter at that time. During 20X1, Lynn dies. Mike does not remarry in 20X2 or 20X3. His daughter earns $4,300 in 20X2 and $4,800 in 20X3 while attending school part-time in both years and is supported by Mike. What is Mike's filing status for 20X1, 20X2 and 20X3, respectively? (Tip: use current year income limits as you consider this question.) a. Decreases by $300. b. Increases by $500. c. Increases by $308. Decreases by $108. e. None of the answers provided is correct. Q trial courts. 6. $33,600 c. $35,000 d. $37,300 e. None of the answers provided is correct. (18,000) Circuit Cou other on their ru 15. Don, who is in the 24% tax bracket, sells taxable bonds (at no gain or loss) which yielded $800 of interest annually and purchases tax-exempt bonds yielding $500 of annual interest. What is the net cash effect of these transactions to Don for the year? 800 122,000 13,850 108150 (18636) 1 2021 2022 2023 , 16. Ken and Deb are married and file a joint return for 2023. Ken is over age 65 and Deb is legally blind. They have AGI for the year of $65,000. They also have mortgage interest of $15,000, charitable contributions of $6,000 and real property taxes on their home of $9,000. What is their taxable income for 2023? a$34,300 AGI :65,000 2 DS; Int. (15000) Eldor: (15,000) Blind: (6,000) Contri: (6000) SOU (9000) 3. Pat, a single taxpayer, earned $140,000 in 2023 as an accounting consultant. She has no other income besides an $18,000 net capital gain. What is her taxable income (without considering self-employment tax)? a. $130,000 b. $115,320 C$116,150 d. $118,920 e. None of the answers provided is correct. (108150-98375) * 0.24+ 16,290 =2346+ a. Married filing joint, surviving spouse, head of household b. Married filing joint, surviving spouse, single c. Married filing separate, surviving spouse, head of household d. Surviving spouse, surviving spouse, single e. None of the answers provided is correct. 140,000 14. Mike is married to Lynn at the beginning of 20X1 and had a 20-year-old dependent daughter at that time. During 20X1, Lynn dies. Mike does not remarry in 20X2 or 20X3. His daughter earns $4,300 in 20X2 and $4,800 in 20X3 while attending school part-time in both years and is supported by Mike. What is Mike's filing status for 20X1, 20X2 and 20X3, respectively? (Tip: use current year income limits as you consider this question.) a. Decreases by $300. b. Increases by $500. c. Increases by $308. Decreases by $108. e. None of the answers provided is correct. Q trial courts. 6. $33,600 c. $35,000 d. $37,300 e. None of the answers provided is correct. (18,000) Circuit Cou other on their ru 15. Don, who is in the 24% tax bracket, sells taxable bonds (at no gain or loss) which yielded $800 of interest annually and purchases tax-exempt bonds yielding $500 of annual interest. What is the net cash effect of these transactions to Don for the year? 800 122,000 13,850 108150 (18636) 1 2021 2022 2023 , 16. Ken and Deb are married and file a joint return for 2023. Ken is over age 65 and Deb is legally blind. They have AGI for the year of $65,000. They also have mortgage interest of $15,000, charitable contributions of $6,000 and real property taxes on their home of $9,000. What is their taxable income for 2023? a$34,300 AGI :65,000 2 DS; Int. (15000) Eldor: (15,000) Blind: (6,000) Contri: (6000) SOU (9000)

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