Reference no: EM132524187

Questions -

Q1. Lee itemizes deductions and uses his car for both business and charitable purposes. He drove 125 miles over the course of the year for charitable purposes. His job requires business travel which resulted in driving 1,500 business miles during the year. What is the total amount Lee can deduct for mileage on his car for 2018?

a) $820.00

b) $ 17.50

c) $817.50

d) $835.00

Q2. Ellen is 55 years old and married to 48-year-old, Gary. They have one dependent daughter, Angie, who is 17 years old. Their AGI for 2018 is $65,000. What would be their taxable income on their 2018 return?

a) $40,150

b) $47,000

c) $41,000

d) $40,500

Q3. Peter, age 52, is a single father of three children. He has 8-year-old twin girls whom he claims as his dependents and an older son who is no longer his dependent. Peter's adjusted gross income (AGI) for 2018 is $45,950. He uses the standard deduction. What would be his taxable income on his 2018 federal return?

a) $33,950

b) $21,950

c) $24,450

d) $27,950