Advanced Scenario $8$: Test Questions Directions Using the tax software, complete the tax return, including Form $1040$ and all appropriate forms, schedules, or worksheets. Answer the questions following the scenario. When entering Social Security numbers $($SSNs$)$ or Employer Identification Numbers $($EINs$),$ replace the Xs as directed, or with any four digits of your choice. $23.$ The net short$-$term capital gain reported on Stephanie's Schedule D is $$\_\_\_\_\_\_.($Note: whole number only,do not use special characters.$)24.$ Which of the following can be claimed as a business expense on Stephanie's Schedule C$?$ a$.$ Tolls b$.$ Speeding Ticket c$.$ Lunches d$.$ All of the above $25.$ Stephanie can take a student loan interest deduction of $$3,750.$ a$.$ True b$.$ False $26.$ What is the total standard mileage deduction for Stephanie's business on Schedule C$?$ a$.$ $$630$ b$.$ $$1,965$ c$.$ $$2,010$ d$.$ $$8,04027.$ The amount of Stephanie's lifetime learning credit is $$480.$ a$.$ True b$.$ False $28.$ What is Stephanie's additional $10\%$ tax on the early withdrawal from her IRA on Form $1040$ Schedule $2,$ Part II$??$ a$.$ $$0$ b$.$ $$240$ c$.$ $$260$ d$.$ $$50029.$ To avoid having a balance due next year, Stephanie can use the IRS withholding estimator to calculate her tax liability and submit a new Form W$-4$ to increase her tax withholding. a$.$ True b$.$ False