ALSO GIVE EXPLANATION FOR THE RIGHT ANSWER

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. (10815098375)0.24+16,290=2346+theanswersprovidediscorrect.122,000(18,000)108150(18636) 14. Mike is married to Lynn at the beginning of 201 and had a 20 -year-old dependent daughter at that time. During 20X1, Lynn dies. Mike does not remarry in 202 or 20X3. His daughter earns $4,300 in 202 and $4,800 in 203 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. 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 2021,2022,2023 e. None of the answers provided is correct. 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? a. Decreases by $300. b. Increases by $500. 800500 c. Increases by $308. (d) Decreases by $108. e. None of the answers provided is correct. 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 b. $33,600 c. $35,000 AG1:65,000 d. $37,300 e. None of the answers provided is correct. IDS: Int.(15,000)Eldor:(15,000)Blind:(6,000)contri:(6000)(9000)