Which of the following is not a fully excludable

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Which of the following is not a fully excludable withdrawal from a Roth IRA? (CH9) Question 22 options: a complete withdrawal that is premature (before 5 years) a withdrawal of contributions only that is premature a withdrawal after age 59.5 after holding the account for 10 years none of the above ANSWER = a complete withdrawal that is premature (before 5 years) Which of the following characteristics is most indicative of independent contractor status rather than employee status? (CH9)
Question 23 options: person is hired and paid $20 per hour person is hired and employer provides the work uniform and tools person is hired and paid a flat fee for a defined and limited job person is hired and employer specifies the amount of hours worked and the timing of those hours ANSWER = "Person is hired and paid a flat fee for a defined and limited job" Clara is a self-employed consultant who just completed a business trip. She flew to Chicago on Monday, worked on business matters on Tuesday through Thursday, took personal days on Friday and Saturday, and returned to her tax home on Sunday. The flight charge was $500. Meals were $80 per day and lodging was $200 per day. What is the deductible portion of Clara’s trip? (CH9) ANSWER = 1300
Chuck is an unmarried individual with an AGI of $79,000 who pays $2,000 of student loan interest. What is the deductible amount of student loan interest? (CH10) ANSWER = the amount that chuck can deduct is $1200 Carrie buys land from her mother for $50,000. The mother's cost basis in the land is $65,000. Two years after the sale, Carrie sells the land to an unrelated party for $60,000. Which of the following statements is true? Question 26 options: Mother has a recognized tax loss of $15,000 on her sale and Carrie has a recognized taxable gain of $10,000 on her sale. Mother has no recognized tax loss on her sale and Carrie has no recognized taxable gain on her sale. Mother has no recognized tax loss on her sale and Carrie has a recognized tax loss of $5,000 on her sale. Mother has no recognized tax loss on her sale but Carrie has a recognized taxable gain of $10,000 on her
sale. ANSWER = Mother has no recognized tax loss on her sale and Carrie has a recognized tax loss of $5,000 on her sale. Choose one of the choices below to describe whether the item below is deductible, whether all or part of the amount is deductible, and where the item is deducted. If the item either is never deductible OR is not deductible for this particular taxpayer under the circumstances described , choose "Not Deductible." Attorney’s fee for obtaining a restraining order in a domestic case between ex-spouses Question 27 options: The item is fully deductible FOR AGI The item is partially deductible FOR AGI The item is fully deductible FROM AGI The item is partially deductible FROM AGI. The item is NOT DEDUCTIBLE ANSWER = The item is NOT DEDUCTIBLE
Choose one of the choices below to describe whether the item below is deductible, whether all or part of the amount is deductible, and where the item is deducted. If the item either is never deductible OR is not deductible for this

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