Please help with 7 and 8 explain and answer please!!

Calculate the amount of the standard deduction the taxpayers should claim on 2017 income tax returns. 7. their Kelly and Glenn are married with one dependent child. They file a joint return, are in good health, and both of them are under 65 years of age. They also support her aging father. Fran is 24 years old, in good health, and single George and Georgina are married and file a joint return George is 64 years old and Georgina is 63 a. b. c. d. Norm is 62 single and blind e. Kimberly qualifies for head of household filing status, is 42 years old and is in good health 8. Toby transfers to Jim a life insurance policy with a face value of $25,000 and a cash value of $5,000 in payment of a personal debt. Jim continues to make premium payments on the policy until Toby's death. At the time, Jim has paid $1,500 in premiums How much income must Jim report when he receives the $25,000 in proceeds? Would your answer be different if Toby and Jim were partners in a partnership? Why? a. b. Under a divorce agreement executed in 2015, Bob is required to pay his ex-wife Carol, $3,000 a month until their youngest daughter is 21 years of age. At that time, the required payments are reduced to $2,000 per month. 9. How much of each $3,000 payment may be deducted as alimony by Bob? How much of each $3,000 payment must be included in Carol's taxable income? a. b. Calculate the amount of the standard deduction the taxpayers should claim on 2017 income tax returns. 7. their Kelly and Glenn are married with one dependent child. They file a joint return, are in good health, and both of them are under 65 years of age. They also support her aging father. Fran is 24 years old, in good health, and single George and Georgina are married and file a joint return George is 64 years old and Georgina is 63 a. b. c. d. Norm is 62 single and blind e. Kimberly qualifies for head of household filing status, is 42 years old and is in good health 8. Toby transfers to Jim a life insurance policy with a face value of $25,000 and a cash value of $5,000 in payment of a personal debt. Jim continues to make premium payments on the policy until Toby's death. At the time, Jim has paid $1,500 in premiums How much income must Jim report when he receives the $25,000 in proceeds? Would your answer be different if Toby and Jim were partners in a partnership? Why? a. b. Under a divorce agreement executed in 2015, Bob is required to pay his ex-wife Carol, $3,000 a month until their youngest daughter is 21 years of age. At that time, the required payments are reduced to $2,000 per month. 9. How much of each $3,000 payment may be deducted as alimony by Bob? How much of each $3,000 payment must be included in Carol's taxable income? a. b