Complete questions based on the scenario listed below. You are welcome to work individually or in your assigned teams but each student must submit an activity by the end of the class period to receive credit for the activity.

Meg and Henry Jonas are married and file jointly. They reported the following sources of income in $2024.$ Assume their marginal tax rate on ordinary income is $24\%$ and their marginal tax rate on capital gains and qualified dividends is $15\%.$

Meg's Salary: $$125,000$

Meg's Cash Bonus: $$15,000$

Henry's Salary: $$87,000$

Bank Interest Income: $$300$

Qualified Dividend Income: $$1,800$

Short$-$Term Capital Gains from Investments: $$2,000$

Long$-$Term Capital Loss from Investments: $($$$11,500)$

OTHER INFORMATION

On February $15,2024$ Meg received $2,500$ restricted stock units from her employer during the year when the shares were trading at $$9$ per share. Meg made an $83($b$)$ election.

Henry exercised $800$ non$-$qualified stock options on January $2,2024.$ The options had a strike price of $$12$ and Henry exercised when the stock was trading at $$18$ per share. Henry sold all $800$ shares on December $2$ when the stock was trading at $$23$ per share.

Flag question: Question $1$

Question $11$ pts

Bank interest is included in the couple's ordinary gross income for the year.

Group of answer choices

True

False

Flag question: Question $2$

Question $21$ pts

What amount is included in the couple's ordinary gross income from Henry's non$-$qualified stock option $("$NQSO$")$ exercise?

Flag question: Question $3$

Question $31$ pts

What is the Jonas$$ total tax liability on interest and dividends for the year? $($hint: include both ordinary and preferential income in these categories!$)$

Flag question: Question $4$

Question $41$ pts

What is the Jonas' total amount of realized short$-$term capital gains for the year?

Flag question: Question $5$

Question $51$ pts

How much total long$-$term capital loss will the Jonas' be able to recognize in $2024?$

Group of answer choices

$$3,000$

$$0$

$$11,500$

$$5,500$