Answer all questions and problems appearing on this examination under rules governing federal income taxation. Unless instructed otherwise, assume the relevant year to be $2023.$

All final answers have been rounded to the nearest $$10.$

$21.$ Frances Farley has total assets of $$20,000$ and total liabilities of $$70,000.$ Pursuant to a Title $11$ bankruptcy action, all $$70,000$ of Frances' debt is discharged. As a result of the debt discharge, Frances will have gross income of what amount?

A $$70,000$

B $50,000$

C $0$

D $20,000$

E None of the above

$22.$ Jean Thomas, spouse of Patrick Thomas, died on July $11,20$x$0.$ Widower, Pat