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Nicole has salary income of $175,000. She is not married and provides more than 50% support...

  1. Nicole has salary income of $175,000. She is not married and provides more than 50% support of her best friend. What is Nicole's tax liability? (rounded)

    A.

    None of the other amounts

    B.

    $56,000

    C.

    $33,104

    D.

    $31,604

    E.

    $39,024

  

  1. Calculate Sam’s taxable income based on the following information: Sam earned $125,500 in salary, $650 of interest from a saving account, lost $2,000 on the sale of his car (personal use only) and $5,500 of municipal bond interest. Sam is single has no dependents and his itemized deductions totaled $9,500

    A.

    $116,650

    B.

    $113,750

    C.

    117,250

    D.

    $111,750

    E.

    $115,250

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Sol 1st Question makes Nicole is not married ę provides more than more than 50% of Support of her best friend which bo tan de

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