Exam 4: Determination of Tax

Liz and Bert divorce and Liz receives custody of their child.Bert is ordered by the court to pay child support of $10,000 per year,and Liz files the appropriate IRS form to allow Bert to claim the dependency exemption for the child.If Liz maintains the home in which she and her child live,her filing status and exemptions claimed will be

(Multiple Choice)

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Question 141

Julia provides more than 50 percent of the support for three individuals: Theresa,an unrelated child who lives with Julia all year long; Margaret,Julia's cousin,who lives in another city; and Emma,Julia's daughter who lives in her own home.Each of the potential dependents earned less than $4,000.How many dependency exemptions can Julia claim on her 2015 tax return?

(Multiple Choice)

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Question 142

In 2015 the standard deduction for a married taxpayer filing a joint return and who is 67 years old with a spouse who is 65 years old is

(Multiple Choice)

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Question 143

Cheryl is claimed as a dependent on her parents' tax return.She had a part-time job during 2015 and earned $4,900 during the year,in addition to $600 of interest income.What is her standard deduction?

(Multiple Choice)

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Question 144

Showing 141 - 144 of 144

In 2015 the standard deduction for a married taxpayer filing a joint return and who is 67 years old with a spouse who is 65 years old is

Cheryl is claimed as a dependent on her parents' tax return.She had a part-time job during 2015 and earned $4,900 during the year,in addition to $600 of interest income.What is her standard deduction?

Tax Research

an Introduction to Taxation

Corporate Formations and Capital Structure

The Corporate Income Tax

Gross Income: Inclusions

Corporate Nonliquidating Distributions

Gross Income: Exclusions

Other Corporate Tax Levies

Property Transactions: Capital Gains and Losses

Corporate Liquidating Distributions

Deductions and Losses

Corporate Acquisitions and Reorganizations

Itemized Deductions

Consolidated Tax Returns

Losses and Bad Debts

Partnership Formation and Operation

Employee Expenses and Deferred Compensation

Special Partnership Issues

Depreciation,cost Recovery,amortization,and Depletion

Corporations

Accounting Periods and Methods

The Gift Tax

Property Transactions: Nontaxable Exchanges

The Estate Tax

Property Transactions: Section 1231 and Recapture

Income Taxation of Trusts and Estates

Special Tax Computation Methods,tax Credits,and Payment of Tax

Administrative Procedures

Filters