Question 1
1 out of 1 points
For 2015, the maximum penalty for failing to comply with the ACA
mandate on any taxpayer's tax return is $325.
Selected
Answer:
Answers:
Fals
e
True
Fals
e
The maximum penalty is $975.
204.13.
Question 2
Response
Feedback:
1
Question 1
1 out of 1 points
The self-employment tax rate in 2015 is _%.
Selected
Answer:
15.
3
Correct
Answer:
Evaluation Method
Exact Match
15.3%
Exact Match
15.3
Exact Match
15.30
Response
Feedback:
Correct Answer
70
6
Question 2
1 out of 1 points
Whic
Question 1
0 out of 1 points
A taxpayer pays his ex-wife a total of $30,000 during the year. The divorce papers require that the
taxpayer pay his ex-wife $20,000 for alimony and $13,000 for child support. The ex-wife must report
$_ in gross income on her
Question 1
1 out of 1 points
The AGI threshold where taxpayers filing as head of household begin to reduce their total itemized
deductions is $_.
Selected
Answer:
284,0
50
Correct
Answer:
Evaluation Method
Correct Answer
Exact Match
$284,050
Exact Match
2
Question 1
1 out of 1 points
The AGI threshold where taxpayers filing as head of household begin to reduce their total itemized
deductions is $_.
Selected
Answer:
284,0
50
Correct
Answer:
Evaluation Method
Correct Answer
Exact Match
$284,050
Exact Match
2
Question 1
1 out of 1 points
A taxpayer's son-in-law, age 21, is a full-time student with $7,000 of
gross income. If other requirements are met, the taxpayer can claim
the son-in-law as a dependent under the rules for a qualifying child.
Selected
Answer:
Question 1
1 out of 1 points
The AGI threshold where taxpayers filing as head of household begin to reduce their total itemized
deductions is $_.
Selected
Answer:
284,0
50
Correct
Answer:
Evaluation Method
Correct Answer
Exact Match
$284,050
Exact Match
2
Question 1
1 out of 1 points
For 2015, the maximum penalty for failing to comply with the ACA
mandate on any taxpayer's tax return is $325.
Selected
Answer:
Answers:
Fals
e
True
Fals
e
The maximum penalty is $975.
204.13.
Question 2
Response
Feedback:
1
Question 1
1 out of 1 points
The AGI threshold where taxpayers filing as head of household begin to reduce their total itemized
deductions is $_.
Selected
Answer:
284,0
50
Correct
Answer:
Evaluation Method
Correct Answer
Exact Match
$284,050
Exact Match
2
Question 11
1 out of 1 points
The Internal Revenue Code does not define income.
Selected
Answer:
Answers:
Response
Feedback:
Tru
e
Tru
e
False
30
1.
Question 12
1 out of 1 points
Mike and Deb (ages 49 and 53, respectively) file a joint return. Mike's
wag
ACCT 311 Intermediate Accounting I Fall 2010 Exam #1 Due Monday October 25th Name: _ Grading: Problem 1 Problem 2 Problem 3 Problem 4 Problem 5 Problem 6 Problem 7 Problem 8 Problem 9 Total Possible 6 6 8 10 11 30 10 8 11 100 Actual
Page 1
1. Provide clea