1. Ms. Green is single and over 65 years old. She received the following income in 20X1: Interest from certificates of deposit $3,000 Tax-exempt interest 6,000 Taxable dividends 5,000 Taxable pension 20,000 Wages from consulting work 9,000 Social security 14,000 She did not have any adjustments to income. What is the taxable amount of Ms. Green's social security? Question options: $7,000 $7,650 $9,000 $11,900

2. BWS Corporation pays the premiums on an $80,000 group-term life insurance policy on the life of its 45-year-old vice-president, Warren. The annual cost per $1,000 of coverage for a person aged 45 to 49 is $1.80. If Warren has paid $25 toward the cost of the insurance, what is the cost of the policy includible in Warren's gross income? Question options: $278.00 $144.00 $54.00 $29.00 $0

3. Mr. and Mrs. Garden filed a joint return for 20X1. Mr. Garden received $8,000 in Social Security benefits and Mrs. Garden received $4,000. Their income also included $10,000 taxable pension income and interest income of $2,000. What part of their Social Security benefits will be taxable for 20X1? Question options: $0 $6,000 $24,000 $12,000

4. Mr. and Mrs. Clark are both 72 years of age, married, filing jointly. They received social security benefits of $7,500 each. Additional income is a taxable pension of $12,000 for Mr. Clark and $6,000 for Mrs. Clark. What is the taxable portion of the social security benefits received by the Clarks? Question options: $15,000 $7,500 $3,750 $0

5. The following information is available for Ann Drury for 20X1: Salary $36,000 Premiums paid by employer on group-term life insurance in excess of $50,000 500 Proceeds from state lottery 5,000 How much should Drury report as gross income on her 20X1 tax return? Question options: $36,000 $36,500 $41,000 $41,500