Please answer these questions

3. What is the difference between earned income and unearned income? Give examples of each.

4. Single Taxpayer has $59,748 of taxable income and pays an average tax rate of 17.15%. Calculate Taxpayer's income taxes. Income taxes are progressive taxes, what does that mean?

5. Bonnie completes her 2020 federal tax return on April 15, 2021 and calculates that her total income taxes due are 15,182. She checks her Form W-2 and sees that $14, 490 was withheld from her pay during the year. What are withholding taxes? How much does Bonnie need to pay when she files her return?

6. What is the difference between Total Income and Taxable Income? Should taxpayers look to take all allowable deductions and exemptions?

7. You buy shares of ABC Company for $125 per share. ABC shares are now trading at $192.50 per share. What is your basis (cost) in the shares? What is your capital gain or loss per share? Must you pay capital gains taxes if you do not sell the shares? If not, when are capital gains taxes due?

8. Your filing status is Single. You complete Schedule A (Itemized Deductions) and the total is $10,800. You check and see that the Standard Deduction for single taxpayers is $12,200. Which deduction will you take and why?

9. Name two kinds of interest that are tax deductible and two kinds that are not tax deductible on an income tax return

10. Rich lives and works in New York until May 2020. He then takes a new job in Florida (which has no state income tax) and re-locates there. Does Rich have to file a NY State income tax return for 2020?