SM_C03 - CHAPTER 3 TAX DETERMINATION; PERSONAL AND...

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CHAPTER 3 TAX DETERMINATION; PERSONAL AND DEPENDENCY EXEMPTIONS; AN OVERVIEW OF PROPERTY TRANSACTIONS SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 1 Tax formula Unchanged 1 2 Transactions with various income tax effects Modified 2 3 Gross income: inclusions Modified 3 4 Gross income: exclusions Modified 4 5 Double taxation of income earned abroad by U.S. taxpayer Unchanged 5 6 Effect of AGI on some deductions from Unchanged 6 7 Conflict in claiming additional standard deduction and itemizing Unchanged 7 8 Dependents and the determination of their standard deduction and personal exemptions Unchanged 8 9 Personal exemption: claiming spouse on a separate return New 10 Dependency exemption: children as qualifying child and as qualifying relative Unchanged 10 11 Qualifying child: tie-breaker rules Unchanged 11 12 Dependency exemption: ex-spouse and relationship test Unchanged 12 13 Multiple support agreement: choice of eligible taxpayers Modified 13 14 Dependency exemption: exceptions to the citizenship or residency test Unchanged 14 15 Tax rate tables versus tax rate schedules Unchanged 15 16 Characteristics of the kiddie tax Modified 16 17 Filing status: choice between married filing separate and filing jointly New 18 Filing status: nonresident alien and election to file a joint return New 3-1
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3-2 2009 Individual Volume/Solutions Manual Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 19 Head of household filing status Unchanged 19 20 Filing status Unchanged 20 21 Abandoned spouse filing status Unchanged 21 22 Treatment of capital gains New 23 Treatment of capital gains New 24 Capital asset transactions: treatment of collectibles New 25 Capital transactions: treatment of losses New 26 Gross income test for married dependents: community property ramifications Unchanged 26 27 Multiple support agreement: planning for Unchanged 27 *28 Taxable income calculation Modified 28 *29 Taxable income calculation New *30 Taxable income calculation New 31 Standard deduction of dependent Modified 31 32 Qualifying child versus qualifying relative categories Unchanged 32 33 Personal and dependency exemptions Unchanged 33 34 Personal and dependency exemptions Unchanged 34 35 Personal and dependency exemptions Modified 35 36 Qualifying child and tie-breaker rule Modified 36 37 Personal and dependency exemptions Unchanged 37 38 Multiple support agreement: eligible taxpayers Unchanged 38 *39 Exemption deduction determination: phaseout New *40 Unearned income of child under age 18 New 41 Dependency exemptions: joint return test Unchanged 41 *42 Tax liability calculations New *43 Child’s income taxed at parents’ rate New *44 Child’s income taxed at parents’ rate Unchanged 44 45 Filing requirements Modified 45 46 Filing requirements Modified 46 47 Filing status: single versus married filing jointly New 48 Filing status determination Unchanged 48 49 Filing status determination Unchanged 49 50 Filing status determination; dependency
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This note was uploaded on 02/25/2009 for the course ACC 101 taught by Professor Fried during the Spring '09 term at Coastline Community College.

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SM_C03 - CHAPTER 3 TAX DETERMINATION; PERSONAL AND...

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