Spring 2011 Sim III - 4 What Code Section describes gain...

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Tax I Spring 2011 Test III Simulation 1. What Code Section allows a tax payer to deduct ½ self employment tax as a deduction for AGI? 2. What Code Section allows the IRS to assess a 20% negligence penalty on underpayment of taxes? 3. What Code Section allows a taxpayer to take child and dependant care credit?
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Unformatted text preview: 4. What Code Section describes gain recognition for sale of investments? 5. What Code section exempts gains on stocks of Qualified Small Businesses from partial/full taxation?...
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