quiz for taxation

quiz for taxation - 1.COMPREHENSIVE VOLUME CHAPTER 3TAX...

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Unformatted text preview: 1.COMPREHENSIVE VOLUME CHAPTER 3TAX DETERMINATION; PERSONAL AND DEPENDENCY EXEMPTIONS; AN OVERVIEW OF PROPERTY TRANSACTIONS Question TF #5 (Points: 2) An above the line deduction refers to a deduction for AGI. 1. False 2. True false Save Answer 2.COMPREHENSIVE VOLUME CHAPTER 3TAX DETERMINATION; PERSONAL AND DEPENDENCY EXEMPTIONS; AN OVERVIEW OF PROPERTY TRANSACTIONS Question TF #31 (Points: 2) When separate income tax returns are filed by married taxpayers, one spouse cannot claim the other spouse as an exemption. 1. True 2. False false Save Answer 3.COMPREHENSIVE VOLUME CHAPTER 3TAX DETERMINATION; PERSONAL AND DEPENDENCY EXEMPTIONS; AN OVERVIEW OF PROPERTY TRANSACTIONS Question MC #8 (Points: 2) During 2011, Esther had the following transactions: Salary Bank loan (proceeds used to buy personal auto) Alimony received Child support received Gift from aunt Esthers AGI is: 1. $56,000. 2. $44,000. 3. $64,000. 4. $38,000. 5. $32,000. false Save Answer 4.COMPREHENSIVE VOLUME CHAPTER 3TAX DETERMINATION; PERSONAL AND DEPENDENCY EXEMPTIONS; AN OVERVIEW OF PROPERTY TRANSACTIONS Question TF #58 (Points: 2) When the kiddie tax applies, the child need...
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This note was uploaded on 03/07/2012 for the course BUS 603 taught by Professor Rosnin during the Spring '12 term at Rutgers.

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quiz for taxation - 1.COMPREHENSIVE VOLUME CHAPTER 3TAX...

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