Questions from General Taxation

Q: Household employees are subject to FICA withholding if they are paid at

Household employees are subject to FICA withholding if they are paid at least what amount during any calendar quarter in 2017? a. $1,500. b. $1,800. c. $1,900. d. $2,000.

Q: Employers pay a maximum federal unemployment tax of 6.0%

Employers pay a maximum federal unemployment tax of 6.0% on how much of an employee’s taxable wages for 2017? a. $1,800. b. $3,800. c. $5,800. d. $7,000.

Q: Carlos has two jobs; he is an attorney (not a

Carlos has two jobs; he is an attorney (not a partner) in a law firm and he has a small legal practice (sole proprietorship) providing real estate legal services. How does he compute his federal inco...

Q: Adrienne is a self-employed attorney. She has net earnings

Adrienne is a self-employed attorney. She has net earnings (profit) from her practice of $106,800. Her self-employment taxes for the year are: a. $13,117.76. b. $13,338.85. c. $14,204.40. d. $15,09...

Q: Ely is single and is paid $1,190 per week

Ely is single and is paid $1,190 per week and claims one allowance. What is the amount of federal income tax withheld on Ely’s gross wages for the week? a. $184. b $186. c. $203. d. $206.

Q: Carol works for ABC Company and earned $63,000 for

Carol works for ABC Company and earned $63,000 for the entire 2017 year. How much in FUTA tax is her employer required to withhold in her name? Assume that the employer receives the maximum credit f...

Q: On January 2, 2017, Jane employed a part-time

On January 2, 2017, Jane employed a part-time household worker in her home. She paid the household worker $350 per month for 2017. What amount of FICA tax is Jane required to record on Schedule H?...

Q: A taxpayer with 2017 AGI of $160,000 has no

A taxpayer with 2017 AGI of $160,000 has no income tax withholding and is required to pay estimated taxes. The taxpayer can avoid an underpayment penalty by paying a. At least 90% of the 2017 tax li...

Q: Adam received a bonus of $4,400 from his employer

Adam received a bonus of $4,400 from his employer. Which one of the following federal income withholding tax amounts is not in accordance with IRS rules regarding supplemental wage payments? Adam ea...

Q: Marla is married, is paid $2,565 semimonthly,

Marla is married, is paid $2,565 semimonthly, and claims four withholding allowances. What is the amount of federal income tax withheld on Marla’s gross wages for the semimonthly period? a. $190.57...