Questions 1. Pat purchased a used five-year class asset on March 15, 2009, for $60,000. He did not elect 179 expensing.

Questions 1. Pat purchased a used five-year class asset on March 15, 2009, for $60,000. He did not elect § 179 expensing. Determine the cost recovery deduction for 2009 for earnings and profits purposes. A) $2,000. B) $3,000. C) $6,000. D) $12,000. E) None of the above. 2. Bill is the regional manager for a national chain of auto-parts stores and is based in Salt Lake City. When the company opens new stores in Boise, Bill is given the task of supervising their initial operation. For three months, he works weekdays in Boise and returns home on weekends. He spends $410 returning to Salt Lake City but would have spent $390 had he stayed in Boise for the weekend. As to the weekend trips, how much, if any, qualifies as a deduction? A) $0, since the trips are personal and not work related. B) $0, since Bill’s tax home has changed from Salt Lake City to Boise. C) $390. D) $410. E) None of the above. 3. If a taxpayer has tentative AMT of $60,000 and AMT of $15,000, what is the regular income tax liability? A) $0. B) $15,000. C) $45,000. D) $75,000. E) None of the above. 4. Phil is advised by his family physician that his dependent son, Tony, needs surgery for a benign tumor in his leg. Phil and his son travel to Rochester, Minnesota, for in-patient treatment at the Mayo Clinic, which specializes in this type of surgery. Phil incurred the following costs:750Phil’s hotel in Rochester for four nights ($105 per night)