Cpwa exam 2023 Study guides, Class notes & Summaries

CPWA EXAM 2023

CPWA 2023/2024 EXAM CORRECTLY SOLVED!!

CPWA Exam Questions & Answers 2023/2024 IRS forms - ANSWER-1040 Individuals 1065 partnerships Schedule A itemized deductions Schedule K-1 partnership distributions AGI - ANSWER-Wages, salaries + ordinary dividends + rental real estate income= total income - Qualified plan/IRA contribution= AGI AGI Self Employed - ANSWER-LLC Income + other income = total income -(SUBTRACT) HSA, half self-employment tax paid, SEP contribution, self-employed health insurance deduction = AGI Ab...

CPWA Exam Questions & Answers 2023/2024 $466K Tax Rates - ANSWER-3.8% Surtax + 0.9% Wage + 39.6% Qualified Dividends - ANSWER-Hold for 60 days during 121 day period Wash Sale Rule - ANSWER-Can't buy back within 30 days or within 61 days for reacquisition such as buying same stock or warrant. AGI Charitable Limits - ANSWER-Public / Private. 50 / 50 / 30 / 30. 30 / 30 / 20 / 20. Cash / STCG / LTCG / Property Gift & Estate Tax - ANSWER-40% / $5.4M Exemption / $2.1M Unified Pros...

CPWA Certification Exam - Domain I Questions & Answers 2023/2024 Professional Review Board - ANSWER-Review, investigate and rule on violations on the Code Institute Board of Directors - ANSWER-In charge of appeals No later than 30 days - ANSWER-An answer to file a disciplinary petition with the institute Within 60 days - ANSWER-Member must notify institute of conviction and suspension Within 60 days - ANSWER-To file and appeal from a final order of the PRB Within 30 days - AN...