final exam score:
final exam status:
100%
Question 1
Correct
A married person maintains a household for a qualifying child. In which situation could this person qualify for head of household status?
Lived apart from his spouse for six months
(You Answered) (Correct Answer) Lived apart from his spouse for the entire year
Is a nonresident alien who lived abroad for the entire year while his spouse lived in the United States
Is married to a nonresident alien who elects to report the couple’s worldwide income
Question 2
Correct
Married persons must file jointly to enjoy which of the following tax breaks?
Education tax credits
Above-the-line deduction for tuition and fees
IRA contributions on behalf of a non-working spouse
(You Answered) (Correct Answer) All of the above
Question 3
Correct
Which of the following filing options are not available to a surviving spouse in the year of the other spouse’s death (assume that necessary conditions are otherwise met)?
(You Answered) (Correct Answer) Qualifying widow(er)
Joint return
Separate return
Head of household
Question 4
Correct
Assume a surviving spouse files a joint return in the year of the other spouse’s death. Any of the following persons can revoke the joint return except:
Executor of the deceased spouse’s estate (this person is not the surviving spouse)
(You Answered) (Correct Answer) Surviving spouse
Administrator for the surviving spouse’s estate (this person is not the surviving spouse)
Personal representative for the surviving spouse’s estate (this person is not the surviving spouse)
Question 5
Correct
For purposes of determining head of household status, household expenses include all of the following except:
The cost of rent or property taxes and mortgage interest
Utilities
Domestic help
(You Answered) (Correct Answer) Medical expenses
Question 6
Correct
To treat someone as a qualifying child, parent, or relative for purposes of head of household status, a taxpayer must claim a dependency exemption for each of the following except:
A parent
A married child
(You Answered) (Correct Answer) An unmarried child
A sibling
Question 7
Correct
In 2012 a husband dies, leaving a surviving spouse to care for the couple’s 10-year old son. For 2012, which filing status is prohibited to the surviving spouse (assuming any requirements are met)?
(You Answered) (Correct Answer) Qualifying widow(er)
Joint return
Separate return
Head of household
Question 8
Correct
Which statement about same-sex couples is correct?
They can file a joint federal income tax return.
The surviving spouse can use the unlimited marital deduction on a federal estate tax return.
(You Answered) (Correct Answer) They can file joint state income tax returns if the state recognizes or honors same-sex unions.
They are entitled to federal benefits, including survivor Social Security benefits.
Question 9
Correct
A “marriage penalty” is:
A fee paid to the federal government for being married
(You Answered) (Correct Answer) The extra tax paid because of being married as compared with the amount a couple would owe if they were single and living together
The tax savings realized from federal tax brackets for joint filers
A fine imposed by state governments on married couples
Question 10
Correct
Which of the following marriage penalty relief provisions will expire at the end of 2012 unless the Bush-era tax cuts are extended?
Increased standard deduction amount
Size of the 15% tax bracket
Increased phase-out point for the earned income credit
(You Answered) (Correct Answer) All of the above