What is the amount of standard deduction for Abigale Abrams in 2010, a divorced parent, who fully 35. supports her five-year-old daughter? $5,700a. $8,400b. $11,400c. $7,300d. None of the above e. Determine the amount of taxable income of Michael Manx in 2010, who is single and has $300 of wages 36. and $2,000 of interest income for the year. He is claimed as a dependent by his parents.$2,000 e. Marvin Miller, who is claimed as a dependent by his parents, received income of $3,100 from a trust fund 37. and $500 from wages. Marvin had $1,050 in itemized deductions. What is Marvin’s taxable income?
414 CCH Federal Taxation—Basic Principles Chapter 3 © 2010 CCH. All Rights Reserved. John Jergens, a 45-year-old, is the sole support of his aged parents. His father is 72 and is in good health. 38. His mother is 70 and is blind. What are the total exemptions that John should claim? e. Mr. and Mrs. Smith were both 67 years old and had no dependents. Mr. Smith died during the year. What is 39. the maximum number of exemptions that Mrs. Smith may claim for the year? 1a. 2b. 3c. 4d. None of the above e. Which of the following individuals would most likely not qualify as a dependent?40. Foster child Which of the following items are taken into consideration when determining total support for purposes of 41. the dependency test? During the year, Minerva Malcolm was entirely supported by her three sons, Alfred, Bill, and Charles, who 42. provided support in the following percentages: Alfred8%Bill45%Charles47%Which of the brothers is entitled to claim his mother as a dependent, assuming a multiple support agreement exists? e. Max Moore is a widower (his spouse died in 2008) and maintains a separate apartment for his father. Max 43. cannot take a dependency exemption for his father because his father’s income is $3,850 per year. What is the best filing status for Max for 2010? Joint returna. Surviving spouseb. Head of householdc. Singled. None of the abovee.
415 Testbank Chapter 3
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