Carl Filed His Tax Return, Properly Claiming the Head of Household

question 98

Multiple Choice

Carl filed his tax return, properly claiming the head of household filing status. Carl's employer paid or provided the following to Carl: $\begin{array}{|l|r|}\hline\text { Wages } & \$ 65,000 \\\hline \text { Fair market value of qualified dependent care services } & 4,000 \\\hline \text { Premiums for } \$ 50,000 \text { qualified group term life } & 500 \\\text { insurance } & \\\hline \text { Medical insurance premiums } & 600 \\\hline\end{array}$ How much of this income should Carl report (assume benefits are provided on a nondiscriminatory basis) ?

• A) $65,000
• B) $69,000
• C) $69,500
• D) $70,100

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Definitions:

Prospecting Cover Letter

A type of cover letter tailored to introduce oneself and inquire about job opportunities in a company without a specific job opening.

Organization

A structured group of people with a specific purpose or goal, such as businesses, governments, or charities.

Candidates

Individuals who are considered for a role or position, especially in the context of employment, elections, or competitive selections.

Prospecting Letter

A letter or email sent to potential customers or clients with the aim of generating new business.