Question Number Two
Forty multiple choice exercises/problems appear below. You must answer all of them.
For each problem you answer, insert the letter which indicates the correct answer
in the appropriate space on the separate answer sheet. All final answers have been
rounded to the nearest $10.
1.
Spouses Bill and Betty Baker, ages 78 and 69, maintain and reside in a home in which
Betty's mother, Bertha, also lives. Bertha is age 92 and blind with zero gross income.
Bill and Betty provide 100% of Bertha's support. What standard deduction will Bill
and Betty claim on their joint federal income tax return for the year?
A $30,700
B 27,700
C 28,700
D 29,200
E None of the above