Drake and Davina Are Married and File a Joint Return

question 94

Multiple Choice

Drake and Davina are married and file a joint return for 2017 with taxable income of $100,000 and tax preferences and adjustments of $51,000 for AMT purposes.Their regular tax liability is $16,478.What is the amount of their total tax liability?

• A)$17,290
• B)$39,260
• C)$33,768
• D)$16,478

Recognize the historical background and artistic importance of iconic Japanese structures.

Grasp the impact of Japanese art on Western artists.

Understand the role of folk art in modern Japan.

Identify traditional Japanese art terms and mediums.

---

Definitions:

Stock Option Backdating

The practice of setting the grant date of stock options to an earlier time than their actual issuance date, often to benefit the option recipient financially.

Falsified Documents

This term refers to documents that have been illegally altered or fabricated to deceive.

Extortion

A criminal offense in which a person obtains money, property, and/or services from another by wrongfully threatening or inflicting harm to his or her person, property, or reputation. Also called blackmail.

Hacker

A person who illegally accesses, or enters, another person’s or company’s computer system to obtain information or steal money.