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The Individual Income Tax Return. Ch 2, Gross Income and Exclusion. Exam on Individual Income Tax Return - Chapter 2: Gross Income and Exclusion$27.99
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The Individual Income Tax Return. Ch 2, Gross Income and Exclusion. Exam on Individual Income Tax Return - Chapter 2: Gross Income and Exclusion
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Course
The Individual Income Tax
Institution
The Individual Income Tax
The Individual Income Tax Return. Ch 2, Gross Income and Exclusion. Exam on Individual Income Tax Return - Chapter 2: Gross Income and Exclusion
The Individual Income Tax Return. Ch 2, Gross Income and Exclusion. Exam on Individual Income Tax Return - Chapter 2: Gross Income and Exclusion
The Individual Income Tax Return. Ch 2,
Gross Income and Exclusion. Exam on
Individual Income Tax Return - Chapter 2: Gross Income
and Exclusion
Which one of the following provisions was passed by Congress to meet a social goal of the tax law?
1. The deduction for job hunting expenses
2. The charitable deduction
3. The moving expense deduction for adjusted
gross income.
4. The deduction for soil and water conservation
costs available to farmers
5. None of the above
The charitable deduction
All of the following factors are important in determining whether an individual is required to file an
income tax return, except:
1. The taxpayer's filing status
2. The taxpayer's gross income
3. The taxpayer's total itemized deductions
4. The availability of the additional standard
deduction for taxpayers who are elderly
5. None of the above
The taxpayer's total itemized deductions
,Internet users can sign on to http://www.irs.gov/ and
1. Download tax forms and publications
2. Find links to other useful IRS pages
3. Use a search function to find forms and publications
4. All of the above
All of the above
An unmarried taxpayer who maintains a household for a dependent child and whose spouse died in the
prior year should file as:
1. Single
2. Head of household
3. Qualifying widow or widower
4. Married, filling separately
5. None of the above
Qualifying widow or widower
Which of the following relatives will not satisfy the relationship test for the dependency exemption?
1. Sister
2. Adopted child
3. Aunt
4. Parent
5. All of the above satisfy the test
All of the above satisfy the test
Which of the following is excluded from gross income?
1. Prizes
, 2. Scholarships for tuition
3. Hobby income
4. Rental income
5. All of the above are included in gross income
Scholarships for tuition
Which of the following is generally excluded from gross income?
1. Dividends
2. Rewards
3. Disability benefits
4. Passive income
5. None of the above
Disability benefits
Which of the following would result in life insurance proceeds that are taxable to the recipient?
1. A life insurance policy transferred to a creditor in payment of a debt
2. A life insurance policy in which the insured is the daughter of the taxpayer and the beneficiary is the
taxpayer
3. A life insurance policy transferred by a shareholder to a corporation
4. A life insurance policy purchased to by a corporation insuring an officer
5. None of the above
A life insurance policy transferred to a creditor in payment of a debt
For divorces after 1984, which of the following statements about alimony payments is not correct?
1. The payments must be in cash and must be received by the spouse (or former spouse)
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