Final Exam > Results Page
final exam score:
final exam status:
87%
Question 1
Correct
Which of the following tax forms cannot be used by a U.S. citizen?
Form 1040A
Form 1040EZ
Form 1040
(You Answered) (Correct Answer) Form 1040NR
Question 2
Correct
A head of household who is under age 65 (and not someone’s dependent) must file a return in 2013 if gross income exceeds (assume no self-employment income):
$10,000
(You Answered) (Correct Answer) $12,850
$14,350
$20,000
Question 3
Correct
In 2013, a married couple, both of whom are age 65, must file a return if their combined gross income exceeds:
$6,300
$20,000
$21,200
(You Answered) (Correct Answer) $22,400
Question 4
Correct
Regardless of income, a return must be filed if the taxpayer:
Is self-employed with net earnings of $400 or more
Owed any penalty taxes with respect to an IRA
Has liability for household employees
(You Answered) (Correct Answer) All of the above
Question 5
Correct
Which of the following expenses is not deductible from gross income?
One-half of self-employment tax
(You Answered) (Correct Answer) Charitable contributions
Alimony payments
Moving expenses
Question 6
Incorrect
Assuming spouses do not live apart for the entire year, joint filing is not a prerequisite to claiming:
(Correct Answer) Net operating losses
Earned income credit
Deduction for spousal IRA contributions
(You Answered) Dependent care credit
Question 7
Correct
A taxpayer seeking innocent spouse relief must do all of the following except:
Show that he/she did not know or have reason to know that there was an understatement of tax.
Meet one of three ways to obtain relief.
File for relief.
(You Answered) (Correct Answer) Prove that the understatement was substantial.
Question 8
Correct
Which of the following is not a requirement in determining whether a taxpayer who is legally married can be considered unmarried for head of household filing-status purposes?
An individual’s spouse must not have lived in the home for the last six months of the tax year.
An individual must maintain a household that, for more than one-half the year, was the principal residence of the taxpayer’s dependent child.
An individual must file a separate return.
(You Answered) (Correct Answer) A taxpayer’s home must be, for the entire year, the main home of the dependent child, stepchild, or adopted child whom the taxpayer, or the noncustodial parent, can properly claim as a dependent.
Question 9
Incorrect
Malcolm and Glenda Jackson divorced on June 1, 2013. Their one minor child lived with Glenda all of 2013. Glenda worked all year to keep the home for herself and her minor child. The divorce decree awarded the exemption for the child to Malcolm. Glenda’s proper filing status is:
(You Answered) Single
(Correct Answer) Head of household
Married filing separately
Married filing jointly
Question 10
Correct
John and Linda Smith, a childless married couple, lived apart for all of 2013. On December 31, 2013, they were legally separated under a decree of separate maintenance. Based on these facts, which of the following is the only filing status choice available to them for 2013?
(You Answered) (Correct Answer) Single
Head of household
Married filing jointly
Married filing separately
Question 11
Correct
A married couple has one minor child. What is the maximum amount they can claim as a deduction for their exemptions in 2013?
$3,900
$7,800
(You Answered) (Correct Answer) $11,700
$15,600
Question 12
Correct
In figuring the support test for a dependent who is a qualifying relative, which item is not taken into account?
Clothing
(You Answered) (Correct Answer) Life insurance premiums
Dental care
Entertainment costs
Question 13
Correct
Three sisters contribute to the support of their elderly father as follows: Abigail, 5%; Betty, 30%; and Christine, 45%. Because they, in total, contribute more than half their father’s support, they can sign a multiple support obligation to assign one sister the right to claim the exemption for the father. Which statement is correct?
Only Christine, who contributed the most, can claim the exemption.
(You Answered) (Correct Answer) Only Betty or Christine can claim the exemption.
Any of the three sisters can claim the exemption.
None of the sisters can claim the exemption, because none contributed more than 50% of the father’s support.
Question 14
Correct
A qualifying child includes all of the following people except:
Taxpayer’s adopted child who is age 3
Taxpayer’s stepchild who is age 12
Taxpayer’s natural child who is age 15
(You Answered) (Correct Answer) Taxpayer’s natural child who is age 26 and not permanently disabled
Question 15
Correct
Under the definition of a qualifying child, which test differs from the tests applied for a dependent who is not a qualifying child?
Social Security number
Joint return test
Citizenship or residency test
(You Answered) (Correct Answer) Gross income test