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Law Questions -True/false




Question;Question 1 (1 point);Under the income tax formula, a taxpayer must choose between deductions for AGI and the standard deduction.;TrueFalse;Question 2 (1 point);An increase in a taxpayer?s AGI could decrease the amount of charitable contribution that can be claimed.;TrueFalse;Question 3 (1 point);The additional standard deduction for age and blindness is greater for married taxpayers than for single taxpayers.TrueFalse;Question 4 (1 point);In 2013, Ed is 66 and single. If he has itemized deductions of $7,300, he should not claim the standard deduction alternative.;TrueFalse;Question 5 (1 point);Dan and Donna are husband and wife and file separate returns for the year. If Dan itemizes his deductions from AGI, Donna cannot claim the standard deduction.;TrueFalse;Question 6 (1 point);Debby, age 18, is claimed as a dependent by her mother. During 2013, she earned $1,100 in interest income on a savings account. Debby?s standard deduction is $1,450 ($1,100 + $350).;TrueFalse;Question 7 (1 point);For the year a spouse dies, the surviving spouse is considered married for the entire year for income tax purposes.TrueFalse;Question 8 (1 point)If an individual does not spend funds that have been received from another source (e.g., interest on municipal bonds), the unexpended amounts are not considered for purposes of the support test.;TrueFalse;Question 9 (1 point)In 2013, Hal furnishes more than half of the support of his ex-wife and her father, both of whom live with him. The divorce occurred in 2012. Hal may claim the father-in-law and the ex-wife as dependents.;TrueFalse;Question 10 (1 point)Ed is divorced and maintains a home in which he and a dependent friend live. Ed does not qualify for head of household filing status.TrueFalse;Question 11 (1 point)When the kiddie tax applies and the parents are divorced, the applicable parent (for determining the parental tax) is the one with the greater taxable income.TrueFalse;Question 12For 2013, Stuart has a short-term capital loss, a collectible long-term capital gain, and a long-term capital gain from land held as investment. The short-term loss is first applied to the collectible capital gain.;TrueFalse


Paper#59196 | Written in 18-Jul-2015

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