All of the following are capital assets with the exception of（)

A、$12,000

B、$13,600

C、$18,000

D、$19,300

E、$19,600

Karl is an employee of Cars-R-Us.As part of their employment agreement, Cars-R-Us loans Karl $1,000,000 interest-free to assist in the purchase of a car dealership.Assume the federal rate of interest is 8%.What is the tax treatment of the loan?I.The arrangement has no tax consequences to Karl.II.Cars-R-Us is deemed to have paid Karl compensation of $80,000.III.Karl is deemed to have paid Cars-R-Us $80,000 of interest.IV.Cars-R-Us’ net income tax effect is zero due to this arrangement.()

A、Only statement I is correct

B、Only statements I, II, and IV are correct

C、Only statement III is correct

D、Only statements I, II, and III are correct

E、Only statements II, III, and IV are correct.

ffice, the employees in the school district offices take up a collection and purchase her a silver sterling tray in recognition of her outstanding service to the organization.The value of the tray is $200.What are the tax effects of the award?I.The value of the tray is included in gross income because of services rendered.II.The tray is a gift because it is from a detached and disinterested generosity.()

A、Only statement I is correct

B、Only statement II is correct

C、Both are correct

D、Neither is correct

A、$0

B、$25

C、$50

D、$75

E、$110

acquired as an investment.III.Residence used as rental property.IV.Airplane used by company controller to attend accounting conference.()

A、Only statement III is correct

B、Only statement IV is correct

C、Statements III and IV are correct

D、Statements II, III, and IV are correct

E、All of the assets are depreciable

Mary Lou is a 22-year old student at Wilson College.She earned $4,300 at a summer job, which is less than half of her support.I.Mary Lou can claim a $500 family tax credit for herself even if her parents claim a $500 family tax credit as a dependent.II.Because Mary Lou is a full-time college student, and she provides less than half of her own support, her parents can claim a $500 family tax credit because she is their dependent.()

A、Only statement I is correct

B、Only statement II is correct

C、Both statements are correct

D、Neither statement is correct

A、Only statement I is correct

B、Only statement II is correct

C、Both statements are correct

D、Neither statement is correct

此题为判断题(对，错)。

此题为判断题(对，错)。

此题为判断题(对，错)。