Professional Documents
Culture Documents
2) Although exclusions are usually not reported on an individual's income tax return, interest income on
state and local government bonds must be reported on the tax return.
Answer: TRUE
Explanation: See Additional Comment, p. I2-3.
Page Ref.: I:2-3
Objective: 1
3) Generally, deductions for (not from) adjusted gross income are personal expenses specifically allowed
by tax law.
Answer: FALSE
Explanation: Personal expenses, if deductible, are generally from AGI deductions.
Page Ref.: I:2-4
Objective: 1
4) Generally, itemized deductions are personal expenses specifically allowed by the tax law.
Answer: TRUE
Page Ref.: I:2-4
Objective: 1
5) Taxpayers have the choice of claiming either the personal and dependency exemption or the standard
deduction.
Answer: FALSE
Explanation: Taxpayers claim the greater of itemized deductions or the standard deduction. In addition,
taxpayers will reduce taxable income by personal and dependency exemptions.
Page Ref.: I:2-5
Objective: 1
6) Refundable tax credits are allowed to reduce or totally eliminate a taxpayer's tax liability but may not
reduce the liability below zero.
Answer: FALSE
Explanation: Refundable tax credits may reduce the tax liability to zero and, if some credit still remains,
are refundable or paid by the government to the taxpayer.
Page Ref.: I:2-6
Objective: 1
7) Nonrefundable tax credits are allowed to reduce or totally eliminate a taxpayer's tax liability but may
not reduce the liability below zero.
Answer: TRUE
Page Ref.: I:2-6
Objective: 1
1
Copyright © 2013 Pearson Education, Inc. publishing as Prentice Hall
10) The standard deduction may not be claimed by one married taxpayer filing a separate return if the
other spouse itemizes deductions.
Answer: TRUE
Page Ref.: I:2-12
Objective: 2
11) An individual who is claimed as a dependent by another person is not entitled to a personal
exemption on his or her own return.
Answer: TRUE
Page Ref.: I:2-12
Objective: 2
12) A qualifying child of the taxpayer must meet the gross income test.
Answer: FALSE
Page Ref.: I:2-13 and I:2-14
Objective: 2
13) For purposes of the dependency exemption, a qualifying child must be under age 19, a full-time
student under age 24, or a permanently and totally disabled child.
Answer: TRUE
Page Ref.: I:2-14
Objective: 2
14) For purposes of the dependency exemption, a qualifying child may not provide more than one-half of
his or her own support during the year.
Answer: TRUE
Page Ref.: I:2-14
Objective: 2
15) An individual may not qualify for the dependency exemption as a qualifying child but may still
qualify as a dependent.
Answer: TRUE
Page Ref.: I:2-14
Objective: 2
2
Copyright © 2013 Pearson Education, Inc. publishing as Prentice Hall
16) One requirement for claiming a dependent other than a qualifying child is that the taxpayer provides
more than 50 percent of the dependent's support (assuming it is not a multiple support agreement
situation).
Answer: TRUE
Page Ref.: I:2-15
Objective: 2
17) When two or more people qualify to claim the same person as a dependent, a taxpayer who is entitled
to the exemption through the qualified child rules has priority over a taxpayer who meets the
requirements for other relatives.
Answer: TRUE
Page Ref.: I:2-16
Objective: 2
18) The person claiming a dependency exemption under a multiple support declaration must provide
more than 25% of the dependent's support.
Answer: FALSE
Explanation: The minimum support percentage for a person claiming the dependency exemption under
the multiple support agreement is 10%.
Page Ref.: I:2-15
Objective: 2
19) Generally, in the case of a divorced couple, the parent who has physical custody of a child for the
greater part of the year is entitled to the dependency exemption.
Answer: TRUE
Page Ref.: I:2-16
Objective: 2
21) A married couple need not live together to file a joint return.
Answer: TRUE
Page Ref.: I:2-21
Objective: 3
22) A widow or widower may file a joint tax return and claim an exemption for the deceased spouse in
the year of the spouse's death as long as the surviving spouse does not remarry before the end of the year.
Answer: TRUE
Explanation: A joint return may be filed in the year of death with the deceased spouse getting a full
personal exemption.
Page Ref.: I:2-22
Objective: 3
23) An unmarried taxpayer may file as head of household if he maintains a home for his qualifying child.
Answer: TRUE
Page Ref.: I:2-23
Objective: 3
3
Copyright © 2013 Pearson Education, Inc. publishing as Prentice Hall
Another random document with
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— Ihmisellä on aina vapaus pitää rakkautensa lain ja uskon rajoissa.
— Sanon sen sinulle heti. Muistathan sen yön, jona sisaresi Jamile
lähti isänkodista Omarin keralla. Ennen lähtöänsä hän puhui kanssasi.
Eikö hän uskonut sinulle salaisuuttaan? Hän kaiketi lähti
vapaaehtoisesti?
Minä huomasin selvästi, kuinka tuo kysymys sai vanhan naisen kasvot
vääristymään, ikäänkuin hän olisi tuntenut sen vuoksi suurta mielipahaa.
Hän oli kuitenkin jo ehtinyt ohi sen iän, jonka aikana valhe on
luonnollinen tai tuntuu mieluisalta. Hän ei alentunut kieltämään, vaan
esitti asian kerrassaan tunnustuksen muodossa.
— Mitä tein?
— Minä petin.
— En ymmärrä.
— Pelastaaksesi sisaresi.
— Ansaitun?
— Julmuudellaan?
— Mitä tiedät siitä asiasta sinä? Niin, mitä tiedät siitä sinä, Khalil, ja
mitä tiedetään kunniallisista sydämistä? Ja onko Jamile esittänyt
tuomioonsa kohdistuvan vastalauseen?
JAMILEN HAUTA.
Mutta minä sain tietää vielä enemmän kuin hän Omarin rakastetusta.
— Entä hän?
OMAR — JAMILE.
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