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  3. 7. income from annuities using the simplified meth

7. Income from annuities using the simplified method calculates the exclusion ratio. a. Yes b....

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7. Income from annuities using the simplified method calculates the exclusion ratio. a. Yes b. No 8. Which of the following items is included in the recipient's gross income? a. Gifts and inheritances b. Workers' compensation c. California state income refund (used as itemized deduction in prior year) d. Increase in value of Google stock owned (not sold yet) 9. For tax year 2022, Ben and Molly (ages 48 and 46 , respectively) are married and furnish more than 50% of the support of their two children, Libby (age 18) and Sam (age 23). During the year, Libby earns $4,500 providing transportation for older persons with disabilities, and Sam receives a $5,000 scholarship for tuition at the law school he attends. Which of the following statement is true? a. Both Libby and Sam are qualifying child. b. Both Libby and Sam are qualifying relative. c. One of them is qualifying relative and another one is quality relative. d. None of them are qualified as dependents. 10. Andy maintains a household that includes a cousin (age 12), a niece (age 18), and his son (age 26). All are full-time students. Andy furnishes all of their support, and all are "member of the household." How many qualifying relatives can Andy claim? a. Zero b. One c. Two d. Three

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