eform_B_PSA2_A_Amanda

# 1 pt tax on additional gross income from social

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1 pt Tax on additional gross income from Social Security 450 1 pt Tax on long-term capital gain 0 1 pt Additional tax liability 450 Chapter 4 – Pr #45 (pp. 4-46 to 4-47): Student score = of 3 possible Answer ½ pt a. Nell: Basis in stock 150000 ½ pt Kirby: Basis in house 300000 ½ pt b. Nell: Income or deduction? Income ½ pt Kirby: Income or deduction? Deduction ½ pt c. Nell: Monthly income amount 300 ½ pt Kirby: Monthly deduction amount 300 Chapter 5 – Pr #29 (p. 5-41): Student score = of 2.5 possible 1

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e-file Amount ½ pt a. Gross income amount: 10000 ½ pt b. Gross income amount: 2700 ½ pt c. Gross income amount: 1000000 ½ pt d. Gross income amount: 0 ½ pt e. Gross income amount: 5000 Chapter 5 – Pr #34 (p. 5-42): Student score = of 2.5 possible Amount ½ pt a. Sally’s tuition and fees - gross income amount: 0 ½ pt Sally’s housing and meals - gross income amount: 7500 ½ pt Sally’s books and supplies – gross income amount: 0 ½ pt b. Willy – gross income amount: 0 ½ pt Willy’s father – gross income amount: 17000 Chapter 6 – DQ #5 (p. 6-35): Student score = of 3 possible Deduction for = For , Deduction from = From , Not deductible =
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