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79) Dave, age 59 and divorced, is the sole support of his mother age 83, who is a resident of a local nursing home for the entire year. Dave's mother had no income for the year. Dave's filing status and exemptions claimed are

A) head of household and one exemption. B) single and one exemption.

C) head of household and two exemptions. D) single and two exemptions. Answer: C

Explanation: C) Dave's mother qualifies as his dependent; therefore, he gets two exemptions. He

qualifies as head of household since a taxpayer with a dependent parent qualifies even if the parent does not live with the taxpayer.

Page Ref.: I:2-23 Objective: 3

80) Liz and Bert divorce and Liz receives custody of their child. Bert is ordered by the court to pay child support of $10,000 per year, and Liz agrees in writing to allow Bert to claim the dependency exemption for the child. If Liz maintains the home in which she and her child live, her filing status and exemptions claimed will be

A) single and one exemption. B) single and two exemptions.

C) head of household and one exemption. D) head of household and two exemptions. Answer: C

Explanation: C) Liz gets a personal exemption for herself. A taxpayer with a qualifying child satisfies the head of household requirement even if the taxpayer releases the dependency exemption to the child's other parent.

Page Ref.: I:2-23; Example I:2-27 Objective: 3

81) The filing status in which the rates increase most rapidly is A) single.

B) head of household.

C) married filing separately. D) married filing jointly. Answer: C

Explanation: C) The rates on the married filing a separate return schedule increases more rapidly than other individual rate schedules.

Page Ref.: I:2-23 Objective: 3

82) A married taxpayer may file as head of household under the abandoned spouse provisions if all of the following are met except A) the taxpayer lived apart from his or her spouse for the last six months of the year. B) the taxpayer is a U.S. citizen or resident.

C) the taxpayer pays over half of the cost of maintaining a household in which the taxpayer and a dependent son or daughter live for over half of the year.

D) the taxpayer must have been married for at least two years. Answer: D

Explanation: D) The first three items are all required to meet the abandoned spouse definition.

Page Ref.: I:2-24 Objective: 3

83) To qualify as an abandoned spouse, the taxpayer is not required to A) be a U.S. citizen or resident.

B) live apart from the spouse for the last six months of the year. C) pay more than half the cost of maintaining the home. D) have a son or daughter in the home for the entire year. Answer: D

Explanation: D) The dependent son or daughter need only live in the taxpayer's home for more than one half year.

Page Ref.: I:2-24 Objective: 3

84) In October 2011, Joy and Paul separated and have not lived with each other since, but they are still married. Joy supports their children after the separation and pays the cost of maintaining their home. Joy's filing status in 2011 and 2012 is, respectively, A) single for both years.

B) head of household and single.

C) married filing separately for both years.

D) married filing separately and head of household. Answer: D

Explanation: D) Joy and Paul are married on the last day of the year so either a joint return or a separate return is required unless Joy qualifies as an abandoned spouse (and thus, head of household). She does not qualify in 2011 since Paul was in the home during the last six months of the year. However, since Paul is gone, a married filing separate return is necessary since he is not around to sign a joint return. In 20121, Joy, though still married, qualifies as an abandoned spouse and, thus, head of household.

Page Ref.: I:2-23 and I:2-24 Objective: 3

85) For the \A) 14. B) 17. C) 18. D) 24.

Answer: D

Explanation: D) The child must be under age 24.

Page Ref.: I:2-25 Objective: 3

86) Elise, age 20, is a full-time college student with earned income from wages of $4,400 and interest income of $500. Elise's parents provide more than half of her support. Elise's taxable income is A) $0. B) $200. C) $500. D) $3,950. Answer: B

Explanation: B) Earned income $4,400 Plus: Interest income 500 Adjusted gross income $4,900 Minus: Standard deduction [$4,400 + 300] ( 4,700) Taxable income $ 200 Page Ref.: I:2-25; Example I:2-33 Objective: 3

87) Michelle, age 20, is a full-time college student with earned income from wages of $5,200 and interest income of $700. Michelle's parents provide more than half of Michelle's support. Michelle's taxable income is A) $0. B) $100. C) $400. D) $5,700. Answer: C

Explanation: C) Earned income $5,200 Plus: Interest income 700 Adjusted gross income $5,900 Minus: Standard deduction [$5,200 + 300 but not more than $5,950 ( 5,500) Taxable income $ 400 Page Ref.: I:2-25; Example I:2-33 Objective: 3

88) Frank, age 17, received $4,000 of dividends and $1,500 from a part-time job. Frank is a dependent of his parents who are in the 28% percent bracket. Frank's taxable income is A) $0 B) $350. C) $400. D) $3,700. Answer: D

Explanation: D) ($4,000 + $1,500) - $1,800 std. ded. = $3,700. The standard deduction is the greater of $950 or earned income of $1,500 plus $300 ($1,800).

Page Ref.: I:2-25; Example I:2-33 Objective: 3

89) Vincent, age 12, is a dependent of his parents. During 2012, Vincent's earned income from wages is $2,600 and Vincent received $3,000 of interest income. The parent's marginal rate is 28% and Vincent's marginal rate is 10%. Vincent's tax is A) $-0-. B) $270. C) $308. D) $468. Answer: D

Explanation: D) Wages $2,600 Interest 3,000 AGI 5,600 Std Ded. ($2,600 wages + $300) - 2,900 Per. Exmp. -0- Taxable Inc. $2,700 Interest $3,000 Statutory Ded. - 950 Portion of Std Ded. - 950 Net Unearned income $1,100 Tax on net unearned income $1,100 × 28% = $308 Tax on taxable income minus net unearned income ($2,700 - $1,100) × 10% = 160 Total Tax $468 Page Ref.: I:2-25; Example I:2-34 Objective: 3

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