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Enrolled agent test questions with complete solutions
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Enrolled agent test questions with complete solutions
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Enrolled agent test questions with complete solutions1040-NR due date (no withholding) Correct Answer June 15
(or 6m15d from FY)
1040-NR due date (with withholding) Correct Answer April 15
(or 4m15d from FY)
2% shareholder Corp, individuals and businesses with less than
X employees can open a medical savings account Correct
Answer 50
3.8% NIIT MAGI limit for MFJ, taxable above... Correct
Answer 250000
3.8% NIIT MAGI limit for MFS, taxable above... Correct
Answer 125000
3.8% NIIT MAGI limit for non married, taxable above...
Correct Answer 200000
401(k) Loans Correct Answer 50000 max and repaid in 5 years
ACA Medicare Net investment income tax additional tax 3.8%
rate applies to unearned income. Alaska perm fund distributions
are earned or unearned income? Correct Answer Earned
ACA Medicare Net investment income tax additional tax 3.8%
rate applies to unearned income. Alimony is earned or unearned
income? Correct Answer Earned
,ACA Medicare Net investment income tax additional tax 3.8%
rate applies to unearned income. Capital gains distributions are
earned or unearned income? Correct Answer Unearned
ACA Medicare Net investment income tax additional tax 3.8%
rate applies to unearned income. Dividends are earned or
unearned income? Correct Answer Unearned
ACA Medicare Net investment income tax additional tax 3.8%
rate applies to unearned income. Retirement distributions are
earned or unearned income? Correct Answer Earned
ACA Medicare Net investment income tax additional tax 3.8%
rate applies to unearned income. SS benefits are earned or
unearned income? Correct Answer Earned
ACA Medicare Net investment income tax additional tax 3.8%
rate applies to unearned income. Tax exempt interest income is
earned or unearned income? Correct Answer Earned
ACA Medicare Net investment income tax additional tax 3.8%
rate applies to unearned income. Unemployment benefits are
earned or unearned income? Correct Answer Earned
ACA Medicare Net investment income tax additional tax rate on
unearned income Correct Answer 3.8%
ACTC is refundable tax credit if you paid FICA tax, had X or
more children and X in taxable earned income Correct Answer
3 and 3000
,Additional exemption single (over 65/blind) Correct Answer
1550
Additional Medicare Tax rate Correct Answer 0.9%
Additional Medicare wage limit MFJ Correct Answer 250000
Additional Medicare wage limit MFS Correct Answer 125000
Additional Medicare wage limit other statuses than married
Correct Answer 200000
Advances for expenses received by Correct Answer 30 days
All capital gain distributions are considered.... Correct Answer
Long term
All capital gains are considered long term from... Correct
Answer Mutual funds and REITs
All Section 1244 gains are capital gains and reported on...
Correct Answer Schedule D
Alternative Minimum Tax (AMT) includes which itemized
deductions Correct Answer State and local taxes, and some:
interest, miscellaneous adjustments, medical
American Opportunity Credit (AOC) available in the first X
years of college Correct Answer 4
, American Opportunity Credit (AOC) cannot be claimed for
which filing status Correct Answer MFS
American Opportunity Credit (AOC) phases out if MAGI is
between... Correct Answer 80000-90000
American Opportunity Tax Credit is 100% deductible on the
first... Correct Answer 2000
American Opportunity Tax Credit is 25% deductible on the
second.... Correct Answer 2000
American Opportunity Tax Credit is X% deductible on the
second $2000 Correct Answer 25%
Amount of time until work location is new tax home Correct
Answer 1 year
Amount of time until work location is new tax home Correct
Answer 1 year
Amount Realized Formula Correct Answer Price-expenses
AMT if taxable income greater than X for MFJ/QWC Correct
Answer 84500
AMT if taxable income greater than X for MFS Correct Answer
42250
AMT if taxable income greater than X for SingleHOH Correct
Answer 54300
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