Reference no: EM132581403
Question 1: Sally and Saul are married and file a joint tax return. Sally received nearly five times the salary that Saul received in 2019. Which of the following statements is true?
A. Sally and Saul likely will pay a tax marriage penalty and receive a tax marriage benefit.
B. Sally and Saul likely pay no tax marriage penalty nor receive a tax marriage benefit.
C. Sally and Saul likely receive a tax marriage benefit.
D. Sally and Saul likely pay a tax marriage penalty.
Question 2: Emily, who is single, plans on reporting $30,475 of taxable income for 2019 (all from a part-time job). Emily is considering a second part-time job that would give her an additional $10,000 of taxable income. By how much will the income from the second job increase her tax liability?
A. $1,000
B. $2,400
C. $1,200
D. $1,300
Question 3: Sarah took a prossible client to dinner, and after agreeing to a business deal, went to the theater together. Sarah paid $430 for the meal and $194 for the theater tickets, both amounts were reasonable under the circumstances. What amount can Sarah deduct as a business expense?
A. $97
B. $624
C. $215
D. None-the meals and entertainment are not deductible except during travel.
E. $312
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