Jordan (70) and Brianna (30) are now divorced. They had one child, Lucas. Despite their differences, Jordan and Brianna have stayed friends. Last year, since Brianna was unable to support herself financially, Jordan gave her $75,000 out of pure generosity. Which one of the following statements is correct regarding the generation-skipping transfer tax (GSTT)?     A) The transfer is subject to GSTT since Brianna is more than 37.5 years younger than Jordan.     B) The transfer is subject to GSTT as a non-skip transfer.     C) The transfer is not subject to GSTT since Brianna is Jordan's former spouse.     D) The transfer is subject to GSTT since spouses and former spouses are always treated as skip persons.

Interview Notes  Marsha is 23 years old and single. She cannot be claimed as a dependent by another taxpayer. Marsha earned wages of $18,500 and had $1,500 of federal income tax withholding in tax year 2020. Marsha gave birth to Shelby on November 10, 2020. Marsha paid all the cost of keeping up a home and support for Shelby. Shelby and Marsha are U.S. citizens and have valid Social Security numbers. Marsha filed Single with no dependents on her 2019 tax return and received a $1,200 Economic Impact Payment in May 2020. 4. Marsha qualifies for the recovery rebate credit of $500 for Shelby.Note: Congress may have enacted additional legislation that will affect taxpayers after this publication went to print. Please answer questions based on the information provided in Publication 4491, VITA/TCE Training Guide and Publication 4012, VITA/ TCE Resource Guide.           True False

1. Ronald is 92 years old and in poor health. Clever investing earlier in his life has left him with a sizeable income. He is able to support his son Ed. Ed is 67 years old and a bit "confused," so he lives in a nursing home. Ed's income is less than $2,000. How many dependents should Ronald claim on his tax return? a.2 b.3 c.1 d.0 e.None of these choices are correct.   2. Which of the following relatives will not satisfy the relationship test for the dependency? a.Sister b.Parent c.Adopted child d.Aunt e.All of these choices satisfy the test.   3. Your standard deduction will be $12,550 in 2021 if you are: a.Single, 27 years old, and blind. b.Single and 67 years old. c.Single and 45 years old. d.A nonresident alien. e.A married individual filing a separate return and your spouse itemizes his deductions.

! Required information [The following information applies to the questions displayed below.] Trey has two dependents, his daughters, ages 14 and 18, at year- end. Trey files a joint return with his spouse. What amount of child tax credit (either as a child or a qualifying dependent) will Trey be able to claim in 2022 for his daughters under each of the following alternative situations? Use Exhibit 8-8. c. His AGI is $420,100, and his daughters are ages 10 and 12. Amount of child tax credit