Exam 1: The Individual Income Tax Return
Exam 1: The Individual Income Tax Return114 Questions
Exam 2: Gross Income and Exclusions146 Questions
Exam 3: Business Income and Expenses108 Questions
Exam 4: Additional Income and the Qualified Business Income Deduction106 Questions
Exam 5: Deductions for and From AGI130 Questions
Exam 6: Accounting Periods and Other Taxes65 Questions
Exam 7: Tax Credits66 Questions
Exam 8: Depreciation and Sale of Business Property116 Questions
Exam 9: Payroll, Estimated Payments and Retirement Plans74 Questions
Exam 10: Partnership Taxation79 Questions
Exam 11: The Corporate Income Tax70 Questions
Exam 12: Tax Administration and Tax Planning62 Questions
Select questions type
Match the letter of the filing status to the taxpayers below. Items may be used more than once.
-The unmarried taxpayer supports his dependent mother, who lives next door in a separate apartment.
(Multiple Choice)
4.8/5
(78)
A dependent that dies during the tax year may still qualify as a dependent.
(True/False)
5.0/5
(68)
Norman and Linda are married taxpayers with taxable income of $126,000 in 2019.
a. When you calculate their tax liability are you required to use the tax tables or the tax rate schedules, or does it matter?
b. What is their tax liability?
(Essay)
4.9/5
(73)
A single taxpayer, who is not a dependent on another's return, not blind and under age 65, with income of $11,750 must file a tax return.
(True/False)
4.9/5
(68)
Taxpayers who do not qualify for married, head of household, or qualifying widow or widower filing status must file as single.
(True/False)
4.9/5
(73)
Match the letter of the filing status to the taxpayers below. Items may be used more than once.
-The taxpayer is unmarried and is living with his girlfriend.
(Multiple Choice)
4.9/5
(88)
Which of the following forms may be filed by individual taxpayers?
(Multiple Choice)
4.9/5
(70)
Match the letter of the filing status to the taxpayers below. Items may be used more than once.
-The taxpayer's husband died last year. Her 13-year-old dependent daughter lives with her.
(Multiple Choice)
4.7/5
(84)
If taxpayers are married and living together at the end of the year, they must file a joint tax return.
(True/False)
4.8/5
(91)
Which of the following is not a test that must be met for a child to be considered a dependent?
(Multiple Choice)
4.7/5
(83)
Martin, a 50-year-old single taxpayer, paid the full cost of maintaining his dependent mother in a home for the aged for the entire year. What is the amount of Martin's standard deduction for 2019?
(Multiple Choice)
4.8/5
(85)
Irma, widowed in 2018, pays all costs related to the home in which she and her unmarried son live. Her son does not qualify as her dependent. What is her filing status for 2019?
(Multiple Choice)
4.9/5
(90)
Distinguish between reporting entities and taxable entities and give examples of each.
(Essay)
4.8/5
(79)
An item is not included in gross income unless the tax law specifies that the item is subject to taxation.
(True/False)
4.8/5
(59)
Alan, whose wife died in 2017, filed a joint tax return for 2017. He did not remarry and continues to maintain his home in which his four dependent children live. In the preparation of his tax return for 2019, Alan should file as:
(Multiple Choice)
4.9/5
(68)
A dependent child with earned income in excess of the available standard deduction amount must file a tax return.
(True/False)
4.8/5
(83)
Showing 81 - 100 of 114
Filters
- Essay(0)
- Multiple Choice(0)
- Short Answer(0)
- True False(0)
- Matching(0)