HRB Quiz Material Exam Questions And Answers 100% Pass
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Course
HRB
Institution
HRB
HRB Quiz Material Exam Questions And
Answers 100% Pass
Anissa is the sole beneficiary of her father's estate. The estate was closed 10 months after her
father's death. The executor is filing one (first and final) Form 1041. After all expenses of the
estate were paid, the amounts below were paid...
HRB Quiz Material Exam Questions And
Answers 100% Pass
Anissa is the sole beneficiary of her father's estate. The estate was closed 10 months after her
father's death. The executor is filing one (first and final) Form 1041. After all expenses of the
estate were paid, the amounts below were paid to Anissa: - Cash $12,000 - IRA distribution (no
basis) $300,000 - Wages paid after death $6,000 - Stock $75,000 - Life Insurance $150,000 How
much, if any, of the payment is reported on Anissa's Form 1040 income tax return:
- Cash $12,000
- IRA distribution (no basis) $300,000
- Wages paid after death $6,000
- Stock $75,000
- Life Insurance $150,000 - answer✔How much, if any, of the payment is reported on Anissa's
Form 1040 income tax return:
$306,000.00 (IRA distribution and Wages)
In 2011, Ed, who is single and age 67, fully supports his 90-year-old mother and claims a
dependency exemption for her. He can claim a standard deduction of: - answer✔$9,950.00
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