Details of this Paper

indicate which, if any, statement is incorrect.Sta...

Description

Solution


Question

indicate which, if any, statement is incorrect.State income taxes a)can piggyback to the federal vision. b)can decouple from the federal version. c)cannot apply to visiting nonresidents. d)can provide occasional amnesty programs. e)none of the above ........................................................ problem number 2 state income taxes generally can be characterized by: a)Provision for withholding procedures. b)A different date for filing the federal income tax. c)Allowance of a deduction for federal taxes paid. d)Appling only to individuals and not applying to corporations. e)none of the above. ........................................................ Problem 3 A characteristic of FUTA is that: a)It is jimpored on both employer and employee. b)It is imposed solely on the employee. c)Compliance requires following guidelines issued by both state and federal regulatory authoritites. d)It is applicable to spouses of employees but not to any children under age 18. b),regarding the tax formula and its relationship to form 1040, which, if any, of the following statements is correct? a)most exclusions from gross income are reported on page 2 of form 1040. b)an "above the line deduction " refers to a deduction for AGI. c)A "page 1 deduction" refers to a deduction from AGI. d)the tacable income (TI)amount appears both at the bottom of page 1 and at the top of page 2 of form 1020. e)none of the above. ------------------------------------------------------------------------ Problem 2 which of the following items, if any, is deductible? a)Parking expenses incurred in connection with jury duty-taxpayer is a dentist. b)contributions to mayor's reelection campaign. c)substantiated gambling losses (not in excess of gambling winnings) incurred on a vacation to reno. d)speeding ticket incurred while on business. e)premiums paid on personal life insurance policy. ------------------------------------------------------------------------ Problem 3 which, if any, of the following is a deduction is a deduction for AGI? a)alimony payments b)interest on home motgage. c)unreimbursed employee expenses. d)charitable contributions. e)none of the above.

 

Paper#11774 | Written in 18-Jul-2015

Price : $25
SiteLock