Exam 1: Introduction to Taxation

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Identify the following items with an R if it is a deduction For adjusted gross income. Identify with an M if it is a deduction From adjusted gross income. -Alimony paid

(Multiple Choice)

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Question 21

Identify the following items with an R if it is a deduction For adjusted gross income. Identify with an M if it is a deduction From adjusted gross income. -State income taxes

(Multiple Choice)

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Question 22

Below is a list of items that are found in the tax models. Use C to identify items only found in the corporate tax model; use I to identify those items only found in the individual tax model; use B to identify those items found in both models. -Gross income

(Multiple Choice)

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Question 23

Below is a list of items that are found in the tax models. Use C to identify items only found in the corporate tax model; use I to identify those items only found in the individual tax model; use B to identify those items found in both models. -Personal exemption

(Multiple Choice)

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Question 24

Identify the following items with an R if it is a deduction For adjusted gross income. Identify with an M if it is a deduction From adjusted gross income. -Contribution to a pension plan

(Multiple Choice)

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Question 25

Below is a list of items that are found in the tax models. Use C to identify items only found in the corporate tax model; use I to identify those items only found in the individual tax model; use B to identify those items found in both models. -Gross revenue

(Multiple Choice)

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Question 26

Identify the following items with an R if it is a deduction For adjusted gross income. Identify with an M if it is a deduction From adjusted gross income. -Gambling losses

(Multiple Choice)

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Question 27

Showing 21 - 27 of 27

Identify the following items with an R if it is a deduction For adjusted gross income. Identify with an M if it is a deduction From adjusted gross income. -Alimony paid

Identify the following items with an R if it is a deduction For adjusted gross income. Identify with an M if it is a deduction From adjusted gross income. -State income taxes

Below is a list of items that are found in the tax models. Use C to identify items only found in the corporate tax model; use I to identify those items only found in the individual tax model; use B to identify those items found in both models. -Gross income

Below is a list of items that are found in the tax models. Use C to identify items only found in the corporate tax model; use I to identify those items only found in the individual tax model; use B to identify those items found in both models. -Personal exemption

Identify the following items with an R if it is a deduction For adjusted gross income. Identify with an M if it is a deduction From adjusted gross income. -Contribution to a pension plan

Below is a list of items that are found in the tax models. Use C to identify items only found in the corporate tax model; use I to identify those items only found in the individual tax model; use B to identify those items found in both models. -Gross revenue

Identify the following items with an R if it is a deduction For adjusted gross income. Identify with an M if it is a deduction From adjusted gross income. -Gambling losses

The Tax Practice Environment

Determining Gross Income

Employee Compensation

Business Expenses

Property Acquisitions and Cost Recovery Deductions

Property Dispositions

Tax-Deferred Exchanges

Taxation of Corporations

Sole Proprietorships and Flow-Through Entities

Income Taxation of Individuals

Wealth Transfer Taxes

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