Can someone assist me please 177 Francisco age 57 is a marri
Can someone assist me, please!
177. Francisco, age 57, is a married, filing jointly taxpayer. His modified AGI for 2016 was $220,500. What is the maximum annual nondeductible contribution he can make to a Roth IRA in 2016?
a)$0
b)$1,000
c)$2,500
d)$5,500
181. Connie and her spouse, Mark, (both over 65) are filing a joint return for 2016. They both received Social Security benefits during the year. In January 2017, Connie received a Form SSA-1099 showing net benefits of $7,500 in box 5. Mark received a Form SSA-1099 showing net benefits of $3,500 in box 5. Connie also received a taxable pension of $22,000 and interest income of $500. She did not have any tax-exempt interest income. What amount of Connie’s Social Security benefits is taxable for 2016?
a)$0
b)$500
c)$3,750
d)$7,500
248. A married taxpayer, filing jointly must reduce his or her Child Tax Credit if his or her modified adjusted gross income (MAGI) is above what amount?
a)$80,000
b)$90,000
c)$100,000
d)$110,000
247. Gina works 3 days a week. While she works, her 6-year-old child attends a dependent care center, which complies with all state and local regulations. Gina can pay the center $150 for any 3 days a week or $250 for 5 days a week. Her child attends the center 5 days a week. For the purposes of the Child and Dependent Care Credit, what are Gina’s work-related expenses for the center per week?
a. $0
b. $75
c. $150
d. $250
Solution
177. The maximum annual nondeductible contribution he can make to a Roth IRA in 2016
D) $5500.
181. D) $3750
Connie\'ssocial security benefits is taxable for 2016.
248. D) $110000
modified adjusted gross income
247. D) $250
Gina\'s work related expenses per week.


