CHAPTER 3 QUIZ GRADED

CHAPTER 3 QUIZ GRADED - CHAPTER 3 QUIZ GRADED 1....

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CHAPTER 3 QUIZ GRADED 1. phft24i 1.3-43 Bill and Hillary, husband and wife, file separate returns. Bill and Hillary liv state that considers separate property income to be community income.  Hillary's salary is $80,000. Hillary receives dividend income of $7,000 fro parents. Bill receives interest income of $5,000 from bonds purchased wi and Hillary receive $10,000 dividend income from stock they purchased j Student  Response Value Correct Answer Feedback A.  $94,500. 0% B.  $93,000. 100% C.  $97,000. 0% D.  $92,000. 0% Score: 0/1  Comments: 2. phft24i 1.3-44 All of the following statements are true except   Student  Response Value Correct Answer Feedback A.  Under the  cash  method,  prepaid  income such  as rent is  usually  taxed when  received  rather than  when  earned. 0% B.  Income  earned by  selling  0%
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Student  Response Value Correct Answer Feedback goods on  the Internet  are taxable. C.  Alimony  received by  the taxpayer  is taxable. 0% D.  Municipal  bond  interest is  taxable. 100% Score: 1/1  Comments: 3. phft24i 1.3-45 Examples of income which are constructively received include all of the f Student  Response Value Correct Answer Feedback A.  a check  received  after  banking  hours. 0% B.  a paycheck  received  from  employer,  when  employer  does not  have funds  in the bank  to cover the  check. 100%
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CHAPTER 3 QUIZ GRADED Student  Response Value Correct Answer Feedback C.  dividends  available on  December  31;  unclaimed  dividends  will be  mailed out. 0% D.  interest  credited to a  savings  account. 0% Score: 1/1  Comments: 4. phft24i 1.3-46 Ms. Marple's books and records for 2010 reflect the following information Salary earned this year $65,000 Interest on savings account (credited to her account in 2010, withdrawn in 2011) 1,000 Interest on county bonds earned and collected in 2010 2,000 What is the amount Ms. Marple should include in her gross income in 20 Student  Response Value Correct Answer Feedback A.  $68,000 0% B.  $66,000 100% $65,000 + $1,000 = $66 C.  $65,000 0% D.  $67,000 0% Score: 1/1  Comments:
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5. phft24i 1.3-47 One of the requirements that must be met in order to defer recognition of for goods is:  Student  Response Value Correct Answer Feedback A.  the amount  received is 
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CHAPTER 3 QUIZ GRADED - CHAPTER 3 QUIZ GRADED 1....

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