Chapter 1 Quiz
The Federal income tax applicable to individuals:
a. Requires the determination of taxable income.
b. Allows a deduction for standard or itemized deductions.
c. Requires the determination of adjusted gross income.
d. All of the a
Chapter 2 Quiz
a. U.S. Court of Appeals (Regional Circuit).
b. U.S. Supreme Court.
c. U.S. Court of Appeals (Federal Circuit).
d. None of the above.
a. U.S. Tax Court.
b. U.S. District Court.
c. U.S. Court of Federal Claims.
Chapter 3 Quiz
Susan is a widow, age 80 and blind, who is claimed as a
dependent by her son. During 2016, she received $6,800 in
Social Security benefits, $3,500 in bank interest, and $1,200
in cash dividends from stocks. Susan's taxable income
Chapter 4 Quiz
If a group term insurance plan does not discriminate in favor
of certain key employees, how much must the key employee
include in income?
a. The actual premium paid by the employer.
b. The lesser of the actual premium paid or the
Chapter 5 Quiz
Section 119 excludes the value of meals from the
employee's gross income:
a. When the meals are provided for the employee on the
employer's premises for the convenience of the employer.
b. When the meals are provided for the empl
Chapter 6 Quiz
Legal fees incurred in connection with a criminal defense
against corporate income tax evasion against the CEO are
deductible since the crime is associated with trade or
Blythe, a real estate broke