Name:
Homework Chapter 8 Due April 3
There are ten multiple choice questions on this homework assignment. Each question is worth 2
points for a total of 20 points. You must show complete work for each
ACC 420-VITA Exam
Federal Tax
3/17/2013
Rebecca Role
Basic Course
1. B
2. B
3. A
4. C
5. B
6. C
7. B
8. B
9. A
10. B
11. A
12. B
13. A
14. B
15. A
16. $2058
17. B
18. B
19. C
20. $27500
21. $312
22. C
Name:
Chapter 3 Homework KEY Due January 30
There are ten multiple choice questions on this homework assignment. Each question is worth 2
points for a total of 20 points. You must show complete work f
1. 10k/960k times 1.25 million, etc
2. Supplies equals 10K plus inv 300k etcgoodwill is difference of FMV and purchase
price
3. Old basis 2000/200=10
Old basis/ new no of shares
New basis 2000/250=8
4
Question 1 Tax implications of a scenario
Question 2 Tax implications of a scenario
Question 3 Tax implications of a scenario
Question 4 Tax implications of a scenario
Question 5 Tax implications of a
Name:
KEY: Homework Chapter 12 Due March 20
There are ten multiple choice questions on this homework assignment. Each question is worth 2
points for a total of 20 points. You must show complete work f
Name:
KEY Homework Chapter 4 Due February 6
There are ten multiple choice questions on this homework assignment. Each question is worth 2
points for a total of 20 points. You must show complete work f
Name:
Homework Chapter 9 Due March 27
There are ten multiple choice questions on this homework assignment. Each question is worth 2
points for a total of 20 points. You must show complete work for eac
Name:
Chapter 10 + Section 7.3 Homework Due March 4
There are six multiple choice questions and two open-answer questions on this homework
assignment. Each multiple choice question is worth 2 points f
INDIA US CROSS BORDER
TAX ISSUES ON SALE OF
INHERITED PROPERTY
INTRODUCTION
Definition of Inheritance
Inheritance laws applicable in India
Inheritance laws applicable in US
Tax saving opportunitie
Name:
Homework Chapters 13 and 14 Due April 10
There are ten multiple choice questions on this homework assignment. Each question is worth 2
points for a total of 20 points. You must show complete wor
Name:
Chapter 5 Homework Due February 13
There are ten multiple choice questions on this homework assignment. Each question is worth 2
points for a total of 20 points. You must show complete work for
Digital Currency
What is it and how does the IRS treat it?
A map of where we are taking you.
What is digital currency?
Digital or virtual currency is a medium of exchange that strictly exists as line
Name:
Homework Chapter 15 Due April 22
There are ten multiple choice questions on this homework assignment. Each question is worth 2
points for a total of 20 points. You must show complete work for ea
Name:
Homework Chapter 12 Due March 20
There are ten multiple choice questions on this homework assignment. Each question is worth 2
points for a total of 20 points. You must show complete work for ea
1
Definitions
History of the NFL
NFL Scandals
Court Cases
iclicker Questions
2
Section 501(c)(6) of Internal Revenue Code
Business Leagues
The IRC provides for the exemption of business leagues, c
Name:
KEY: Homework Chapters 13 and 14 Due April 10
There are ten multiple choice questions on this homework assignment. Each question is worth 2
points for a total of 20 points. You must show complet
Name:
KEY: Homework Chapter 15 Due April 22
There are ten multiple choice questions on this homework assignment. Each question is worth 2
points for a total of 20 points. You must show complete work f
Name:
Chapter 3 Homework Due January 30
There are ten multiple choice questions on this homework assignment. Each question is worth 2
points for a total of 20 points. You must show complete work for e
Depreciation Practice Exercises
1.
A business with a December 31 year end purchased and placed in service office
equipment that cost $300,000 on February 2. What is the class life and accelerated depr
Name:
Homework Chapter 4 Due February 6
There are ten multiple choice questions on this homework assignment. Each question is worth 2
points for a total of 20 points. You must show complete work for e
Name:
Chapter 6 Homework Due February 25
There are six multiple choice questions and one open-answer question on this homework
assignment. Each multiple choice question is worth 2 points for a total o
KEY
Property Transactions Practice Problems
Allocation problems
1.
Lump-sum purchase. Jen sells her business to Randy for $1.25M. They agree
that the values of the individual assets are as follows. Wh
Chapter 4 Exercises: KEY
Gifts
All problems refer to the 2014 tax year.
1.
Bob is 65. His son is 28. Bob sends his son a check for $1,000 each month of the
year. How much of this is taxable?
1A: Annua
What is the FCPA?
First enacted in 1977 in response to several
high-profile investigations concerning US
companies involved in bribery
Bribery damaging to the faith/trust in the
American economic sys
KEY - AMT Practice Exercises
1.
Calculate the AMT exemption for 2015 if the taxpayers AMTI is $210,000 and
the filing status is:
a.
Single.
a.
$53,600 25% ($210,000 $119,200) = 53,600 22,700 = $30,900
Political Contributions
and
Lobbying Expenses
Overview
What are they?
How are they accounted for?
Historical Examples
Current Examples
Lobbying Expenses
Lobbying involves the spending of money to
Exam
Name_
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
1) Tim earns a salary of $40,000. This year, Tim's employer establishes a cafeteria pl
OPTIONS
FOR REFORMING
AMERICAS TAX CODE
Options
For Reforming
Americas Tax Code
ISBN: 978-1-942768-11-1
2016 Tax Foundation
1325 G Street, NW, Suite 950
Washington, DC 20005
202.464.6200
taxfoundatio
I4-6 . What role does intent play in determining whether a transfer is a gift and therefore not
subject to the income tax? b. Are tips received by employees from customers excludable from
gross income
Name: Tran Truong
Ch I6: 1, 2, 3, 4, 6, 8, 9, 10, 11, 13, 15, 19, 27, 33, 35, 43, 46, 53, 55
I6-1 Why is the distinction between deductions for AGI and deductions
from AGI important for individuals?
A
Isiah Ramos,
Asheboro, NC
October 1, 2017
Relevant Facts
Shanita Maurer originally worked and lived in Los Angeles, California, but was promoted and given a new
position that she accepted with her fir