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  96) Edward and Ethel ages 71 and 59, respectively, and

Question :   96) Edward and Ethel ages 71 and 59, respectively, and : 2125637

 

96) Edward and Ethel are ages 71 and 59, respectively, and file a joint return. They have AGI of $11,000 and received $2,000 in nontaxable social security benefits. How much can Edward and Ethel take as a credit for the elderly or the disabled?

A) $375.

B) $1,125.

C) $2,000.

D) $2,500.

97) Ian and Jolene are ages 70 and 72, respectively, and file a joint return. They have AGI of $15,000 and received $1,000 in nontaxable social security benefits. How much can Ian and Jolene take as a credit for the elderly or the disabled?

A) $225.

B) $600.

C) $1,000.

D) $2,250.

98) Juan paid $1,750 in qualifying expenses for his daughter who attended a community college. How much is Juan's lifetime learning credit without regard to AGI limitations or other credits?

A) $250.

B) $350.

C) $825.

D) $1,750.

99) Conner and Matsuko paid $1,000 and $2,000, in qualifying expenses for their two sons, Jason and Justin, respectively, to attend Idaho State University. Jason is a sophomore and Justin is a freshman. Conner and Matsuko's AGI is $195,000. What is their allowable American opportunity tax credit?

A) $0.

B) $2,000.

C) $3,000.

D) $3,700.

100) Kim paid the following expenses during November 2018 for her son Joshua's spring 2019 expenses, which begins in January 2019:

 

Tuition

$

14,000

Housing

 

8,000

Meal plan

 

2,500

 

In addition, Kim's sister paid $800 for college fees on behalf of Joshua directly to the college. Joshua is claimed as Kim's dependent on her tax return. How much of the paid expenses qualify for purposes of the education credit deduction for Kim in 2018?

A) $8,000.

B) $14,800.

C) $24,000.

D) $28,500.

 

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