33)Rhianna purchased 1,500 shares of XYZ Corporation for $15,000. This year, XYZ Corp. declared a 10% nontaxable stock dividend, and Rhianna received 150 shares. After the dividend Rhianna's per share basis will be (rounded)
35)In addition to Social Security benefits of $10,000, Mr. and Mrs. Kuklowski have adjusted gross income of $40,000 and tax-exempt interest of $2,500. They will file a joint return. The taxable portion of their Social Security benefits will be
36) Husband and wife, who live in a common law state, are eligible to file a joint return for 2018, but elect to file separately. Wife has adjusted gross income of $42,000 and has $5,500 of expenditures which qualify as itemized deductions. Husband deducts itemized deductions of $16,000. What is the taxable income for the wife?
D) None of the above.
37) Beata is not a key employee of DC Corporation. DC provides Beata with group term life insurance coverage of $250,000. The premiums attributable to the excess coverage are $2,500. The uniform one-month group-term premium is $1.20 per $1,000 of coverage. How much must Beata include in income?
40)Kinga’s employer funds child care for all employees' children. She pays nothing for this service. The cost of Kinga's child care is $5,750 a year. How much of the child care benefits are taxable to Kinga?
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