Question 1

Match the statements that relate to each other. Note: Choice l. may be used more than once.
-Multiple support agreement

Accepted Answer

A)  Not available to 65-year old taxpayer who itemizes.
B)  Exception for U.S. citizenship or residency test (for dependency exemption purposes) .
C)  Largest basic standard deduction available to a dependent who has no earned income.
D)  Considered for dependency exemption purposes.
E)  Qualifies for head of household filing status.F) A child (age 15)  who is a dependent and has only earned income.G) Considered in applying gross income test (for dependency exemption purposes) .H) Not considered in applying the gross income test (for dependency exemption purposes) .I) Unmarried taxpayer who can use the same tax rates as married persons filing jointly.J) Exception to the support test (for dependency exemption purposes) .K) A child (age 16)  who is a dependent and has only unearned income of $4,500.L) No correct match provided.M) B) and G)
N) A) and B)

Question 2

Regarding dependency exemptions, classify each statement in one of the four categories:
-A daughter-in-law who lives with taxpayer.

Accepted Answer

A)  Could be a qualifying child.
B)  Could be a qualifying relative.
C)  Could be either a qualifying child or a qualifying relative.
D)  Could be neither a qualifying child nor a qualifying relative.E) A) and D)
F) None of the above

Question 3

Regarding dependency exemptions, classify each statement in one of the four categories:
-A stepdaughter who does not live with taxpayer.

Accepted Answer

A)  Could be a qualifying child.
B)  Could be a qualifying relative.
C)  Could be either a qualifying child or a qualifying relative.
D)  Could be neither a qualifying child nor a qualifying relative.E) A) and C)
F) All of the above

Question 4

Match the statements that relate to each other. Note: Choice l. may be used more than once.
-Surviving spouse

Accepted Answer

A)  Not available to 65-year old taxpayer who itemizes.
B)  Exception for U.S. citizenship or residency test (for dependency exemption purposes) .
C)  Largest basic standard deduction available to a dependent who has no earned income.
D)  Considered for dependency exemption purposes.
E)  Qualifies for head of household filing status.F) A child (age 15)  who is a dependent and has only earned income.G) Considered in applying gross income test (for dependency exemption purposes) .H) Not considered in applying the gross income test (for dependency exemption purposes) .I) Unmarried taxpayer who can use the same tax rates as married persons filing jointly.J) Exception to the support test (for dependency exemption purposes) .K) A child (age 16)  who is a dependent and has only unearned income of $4,500.L) No correct match provided.M) D) and G)
N) I) and K)

Question 5

Since an abandoned spouse is treated as not married and has one or more dependent children, he or she qualifies for the standard deduction available to head of household.

Accepted Answer

A) True 
 B)False

Question 6

In 2016, 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 2015. Hal may claim the father-in-law and the ex-wife as dependents.

Accepted Answer

A) True 
 B)False

Question 7

Married taxpayers who file a joint return cannot later (i.e., after the filing due date) switch to separate returns for that year.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following characteristics correctly describes the procedure for the phaseout of exemptions?

Accepted Answer

A)  The threshold amounts are different and depend on filing status (e.g., joint return, single) .
B)  The threshold amounts are indexed for inflation each year.
C)  The phaseout procedure is known as a "stealth tax."
D)  For the phaseout procedure to be applied, a taxpayer's AGI must exceed the threshold amount.
E)  All of these.F) B) and C)
G) A) and D)

Question 9

Howard, age 82, dies on January 2, 2016. On Howard's final income tax return, the full amount of the basic and additional standard deductions will be allowed even though Howard lived for only 2 days during the year.

Accepted Answer

A) True 
 B)False

Question 10

Ellen, age 39 and single, furnishes more than 50% of the support of her parents, who do not live with her; their only source of income are Social Security benefits. Ellen practices as a self-employed interior decorator and has gross income in 2016 of $120,000. Her deductions are as follows: $30,000 business and $8,100 itemized.
a.​Can Ellen qualify for head of household filing status? Explain.
b.What is Ellen's taxable income for 2016?

Accepted Answer

The answer of Ellen, age 39 and single, furnishes more...

Question 11

Married taxpayers who file separately cannot later (i.e., after the due date for filing) change to a joint return.

Accepted Answer

A) True 
 B)False

Question 12

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.

Accepted Answer

A) True 
 B)False

Question 13

Once a child reaches age 19, the kiddie tax no longer applies.

Accepted Answer

A) True 
 B)False

Question 14

The Hutters filed a joint return for 2016. They provide more than 50% of the support of Carla, Melvin, and Aaron. Carla (age 18)  is a cousin and earns $2,800 from a part-time job. Melvin (age 25)  is their son and is a full-time law student. He received from the university a $3,800 scholarship for tuition. Aaron is a brother who is a citizen of Israel but resides in France. Carla and Melvin live with the Hutters. How many personal and dependency exemptions can the Hutters claim on their Federal income tax return?

Accepted Answer

A)  Two
B)  Three
C)  Four
D)  Five
E)  None of theseF) B) and C)
G) C) and D)

Question 15

Which, if any, of the following is a correct statement relating to the kiddie tax?

Accepted Answer

A)  If the parents are divorced, the income of the noncustodial parent is used to determine the allocable parental tax.
B)  The components for the application of the kiddie tax are not subject to adjustment for inflation.
C)  If the kiddie tax applies, the parents must include the income of the child on their own income tax return.
D)  The kiddie tax does not apply if both parents of the child are deceased.
E)  None of these.F) A) and C)
G) All of the above

Question 16

Ellen, age 12, lives in the same household with her father, grandfather, and uncle. The cost of maintaining the household is provided by her grandfather (40%)  and her uncle (60%) . Disregarding tie-breaker rules, Ellen is a qualifying child as to:

Accepted Answer

A)  Only her father.
B)  Only her grandfather and uncle.
C)  Only her uncle.
D)  All parties involved (i.e., father, grandfather, and uncle) .
E)  None of these.F) A) and D)
G) A) and B)

Question 17

Regarding dependency exemptions, classify each statement in one of the four categories:
-A nephew who lives with taxpayer.

Accepted Answer

A)  Could be a qualifying child.
B)  Could be a qualifying relative.
C)  Could be either a qualifying child or a qualifying relative.
D)  Could be neither a qualifying child nor a qualifying relative.E) A) and B)
F) B) and D)

Question 18

Match the statements that relate to each other. Note: Choice l. may be used more than once.
-Scholarship funds for tuition

Accepted Answer

A)  Not available to 65-year old taxpayer who itemizes.
B)  Exception for U.S. citizenship or residency test (for dependency exemption purposes) .
C)  Largest basic standard deduction available to a dependent who has no earned income.
D)  Considered for dependency exemption purposes.
E)  Qualifies for head of household filing status.F) A child (age 15)  who is a dependent and has only earned income.G) Considered in applying gross income test (for dependency exemption purposes) .H) Not considered in applying the gross income test (for dependency exemption purposes) .I) Unmarried taxpayer who can use the same tax rates as married persons filing jointly.J) Exception to the support test (for dependency exemption purposes) .K) A child (age 16)  who is a dependent and has only unearned income of $4,500.L) No correct match provided.M) A) and B)
N) A) and C)

Question 19

Millie, age 80, is supported during the current year as follows:
During the year, Millie lives in an assisted living facility. Under a multiple support agreement, indicate which parties can qualify to claim Millie as a dependent.

Accepted Answer

A)  Weston and Faith.
B)  Faith.
C)  Weston, Faith, Jake, and Brayden.
D)  Faith, Jake, and Brayden.
E)  None of these.F) B) and D)
G) A) and B)

Question 20

An individual taxpayer uses a fiscal year of March 1 to February 28. The due date of this taxpayer's Federal income tax return is May 15 of each tax year.

Accepted Answer

A) True 
 B)False

Exam 9: Individuals As the Taxpayer

Match the statements that relate to each other. Note: Choice l. may be used more than once. -Scholarship funds for tuition

Correct Answer
verified

Ellen, age 12, lives in the same household with her father, grandfather, and uncle. The cost of maintaining the household is provided by her grandfather (40%) and her uncle (60%) . Disregarding tie-breaker rules, Ellen is a qualifying child as to:

Correct Answer
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Millie, age 80, is supported during the current year as follows: During the year, Millie lives in an assisted living facility. Under a multiple support agreement, indicate which parties can qualify to claim Millie as a dependent.

Correct Answer
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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.

Correct Answer
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Married taxpayers who file a joint return cannot later (i.e., after the filing due date) switch to separate returns for that year.

Correct Answer
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Which, if any, of the following is a correct statement relating to the kiddie tax?

Correct Answer
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Regarding dependency exemptions, classify each statement in one of the four categories: -A stepdaughter who does not live with taxpayer.

Correct Answer
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Since an abandoned spouse is treated as not married and has one or more dependent children, he or she qualifies for the standard deduction available to head of household.

Correct Answer
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Regarding dependency exemptions, classify each statement in one of the four categories: -A daughter-in-law who lives with taxpayer.

Correct Answer
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Match the statements that relate to each other. Note: Choice l. may be used more than once. -Multiple support agreement

Correct Answer
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Match the statements that relate to each other. Note: Choice l. may be used more than once. -Surviving spouse

Correct Answer
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Correct Answer
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An individual taxpayer uses a fiscal year of March 1 to February 28. The due date of this taxpayer's Federal income tax return is May 15 of each tax year.

Correct Answer
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Howard, age 82, dies on January 2, 2016. On Howard's final income tax return, the full amount of the basic and additional standard deductions will be allowed even though Howard lived for only 2 days during the year.

Correct Answer
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Which of the following characteristics correctly describes the procedure for the phaseout of exemptions?

Correct Answer
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Correct Answer
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In 2016, 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 2015. Hal may claim the father-in-law and the ex-wife as dependents.

Correct Answer
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Married taxpayers who file separately cannot later (i.e., after the due date for filing) change to a joint return.

Correct Answer
verified

Regarding dependency exemptions, classify each statement in one of the four categories: -A nephew who lives with taxpayer.

Correct Answer
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Once a child reaches age 19, the kiddie tax no longer applies.

Correct Answer
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Exam 9: Individuals As the Taxpayer

Match the statements that relate to each other. Note: Choice l. may be used more than once. -Scholarship funds for tuition

Correct AnswerverifiedShow Answer

Ellen, age 12, lives in the same household with her father, grandfather, and uncle. The cost of maintaining the household is provided by her grandfather (40%) and her uncle (60%) . Disregarding tie-breaker rules, Ellen is a qualifying child as to:

Correct AnswerverifiedShow Answer

Millie, age 80, is supported during the current year as follows: During the year, Millie lives in an assisted living facility. Under a multiple support agreement, indicate which parties can qualify to claim Millie as a dependent.

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

Married taxpayers who file a joint return cannot later (i.e., after the filing due date) switch to separate returns for that year.

Correct AnswerverifiedShow Answer

Which, if any, of the following is a correct statement relating to the kiddie tax?

Correct AnswerverifiedShow Answer

Regarding dependency exemptions, classify each statement in one of the four categories: -A stepdaughter who does not live with taxpayer.

Correct AnswerverifiedShow Answer

Since an abandoned spouse is treated as not married and has one or more dependent children, he or she qualifies for the standard deduction available to head of household.

Correct AnswerverifiedShow Answer

Regarding dependency exemptions, classify each statement in one of the four categories: -A daughter-in-law who lives with taxpayer.

Correct AnswerverifiedShow Answer

Match the statements that relate to each other. Note: Choice l. may be used more than once. -Multiple support agreement

Correct AnswerverifiedShow Answer

Match the statements that relate to each other. Note: Choice l. may be used more than once. -Surviving spouse

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

An individual taxpayer uses a fiscal year of March 1 to February 28. The due date of this taxpayer's Federal income tax return is May 15 of each tax year.

Correct AnswerverifiedShow Answer

Howard, age 82, dies on January 2, 2016. On Howard's final income tax return, the full amount of the basic and additional standard deductions will be allowed even though Howard lived for only 2 days during the year.

Correct AnswerverifiedShow Answer

Which of the following characteristics correctly describes the procedure for the phaseout of exemptions?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

In 2016, 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 2015. Hal may claim the father-in-law and the ex-wife as dependents.

Correct AnswerverifiedShow Answer

Married taxpayers who file separately cannot later (i.e., after the due date for filing) change to a joint return.

Correct AnswerverifiedShow Answer

Regarding dependency exemptions, classify each statement in one of the four categories: -A nephew who lives with taxpayer.

Correct AnswerverifiedShow Answer

Once a child reaches age 19, the kiddie tax no longer applies.

Correct AnswerverifiedShow Answer

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