Question 1 (8 points) A dependent’s only income for 2015 is


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Question 1 (8 points) A dependent’s only income for 2015 is $6,000 of taxable wages and $840 of taxable interest on a savings account. The dependent’s 2015 taxable income is: Question 1 options: $0. $840. $540. $190. $590. Save Question 2 (8 points) Toni claims her father as a dependent. The father is 80 years old. The father’s only source of gross income is some interest he earns from a savings account. The father’s gross income threshold for purposes of having to file a tax return for 2015 is: Question 2 options: $2,300. $2,600. $10,300. $1,050. $7,850. Save Question 3 (8 points) When a taxpayer remarries in the same year that her spouse dies, the surviving spouse cannot file a joint return with her deceased spouse in the year of his death, even if her new spouse files a separate return. Question 3 options: True False Save Question 4 (8 points) Which of the following persons do not pass both the age and relationship tests for a qualifying child? Question 4 options: The taxpayer’s 24-year-old son who is a full-time college student The taxpayer’s 17-year-old niece who is a senior in high school The taxpayer’s 30-year-old daughter who is permanently and totally disabled None of the above passes both the age and relationship tests for a qualifying child All of the above pass both the age and relationship tests for a qualifying child Save Question 5 (8 points) A single person, who is claimed as a dependent, has $2,000 of earned income. This person can claim the same standard deduction allowed to a single taxpayer who is not claimed as a dependent. Question 5 options: True False Save Question 6 (8 points) Which of the following can be deducted as an itemized deduction on an individual taxpayer’s tax return? Question 6 options: Medical expenses Casualty losses Employee business expenses None of the above can be deducted as an itemized deduction All of the above can be deducted as an itemized deduction Save Question 7 (8 points) The Internal Revenue Code (Code) provides an exhaustive list of items that comprise gross income. Question 7 options: True False Save Question 8 (8 points) Employees who work for two employers may have too much in OASDI taxes withheld from their gross wages. To have too much in OASDI taxes withheld from their pay in 2015, employees’ gross wages would have to exceed: Question 8 options: $200,000. $118,500. $250,000. $100,000. $110,000. Save Question 9 (8 points) Which of the following is a refundable credit? Question 9 options: The lifetime learning education credit The retirement savings contributions credit The premium tax credit The child and dependent care credit None of the above is refundable credits Save Question 10 (8 points) Any unused child tax credit (due to not having enough tax liability) can be carried forward and used in the next tax year. Question 10 options: True False Save Question 11 (8 points) For purposes of the child and dependent care credit, only the custodial parent can claim a child as a qualifying child. Question 11 options: True False Save Question 12 (8 points) Which of the following taxpayers qualifies to claim the child tax credit? Question 12 options: A taxpayer who files as head of household and claims his 18-year-old daughter as a dependent. A divorced taxpayer who claims his 15-year-old son as a dependent. The son lives most of the year with the ex-wife. The taxpayer was given the dependency exemption when the ex-wife signed away her right to claim the son as her dependent. A 25-year-old unmarried taxpayer who claims her 10-year-old sister as a dependent. both b. and c. both a. and b. Save Question 13 (8 points) The child tax credit for a married couple with two dependent children (ages 6 and 9) and AGI of $121,600 is: Question 13 options: $0. $600. $1,400. $2,000. none of the above. Save Question 14 (8 points) When there is no custodial parent, the parent with the least amount of AGI gets to claim the earned income credit for the qualifying child. Question 14 options: True

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