Question 1: (Please explain your answer) (Please note all questions are for USA Federal Income Taxation)

Frank and Lynn got married in 2015 and divorced in November 2021. Since they were married for more than half of the year, they are considered as married for 2021.

True or False

Question 2: (Please explain your answer) (Please note all questions are for USA Federal Income Taxation)

Wanda delivers flowers for a flower shop. On December 31, 2021, she made several deliveries and collected $200 from customers. However, Wanda forgot to turn in the proceeds for the day to her employer until January 2, 2022. The owner of the flower shop recognizes the income of $200 when she receives it from Wanda in 2022.

True or False

Question 3: (Please explain your answer) (Please note all questions are for USA Federal Income Taxation)

Jensen, age 18, is claimed as a dependent by her mother. During 2021, Jensen had earnings from her part-time sales associate job of $1,000 and a dividend income of $800. Calculate Jensen's taxable income for 2021.

Question 4: (Please explain your answer) (Please note all questions are for USA Federal Income Taxation)

Jim, age 76 and single, is claimed as a dependent by his son, Ryan. In 2021, Jim had dividend income of $3,000 and $700 of earned income from walking dogs. Calculate Jim's taxable income.