Questions from General Taxation

Q: Which of the following would disqualify a taxpayer from filing Form 1040EZ

Which of the following would disqualify a taxpayer from filing Form 1040EZ? The taxpayer is married. The taxpayer is age 66. The taxpayer received unemployment compensation. The taxpayer had adjuste...

Q: The most complex individual income tax return is a Form:

The most complex individual income tax return is a Form: 1040. 1040A. 1040C. d. 1040EZ.

Q: Wage income is reported to a taxpayer on a Form:

Wage income is reported to a taxpayer on a Form: W-2. 1099-G. 1099-W. d. 1099-INT.

Q: Interest income is reported to a taxpayer on a Form:

Interest income is reported to a taxpayer on a Form: W-2. W-2-INT. 1099-G. d. 1099-INT.

Q: On a Form 1040EZ, the amount of the permitted deduction from

On a Form 1040EZ, the amount of the permitted deduction from income for taxpayers filing a joint return is: $1,500. $10,400. $20,800. $31,200.

Q: Elizabeth determined that her tax liability was $3,492.

Elizabeth determined that her tax liability was $3,492. Her employer withheld $3,942 from her paychecks during the year. Elizabeth’s tax return would show: a refund of $450. a refund of $3,492. tax...

Q: Fabian, a single account executive, was employed and resided in

Fabian, a single account executive, was employed and resided in New Mexico. On July 1, 2017, his company transferred him to Florida. Fabian worked full-time for the entire year. During 2017, he inc...

Q: Sandra, a single taxpayer, has taxable income of $79

Sandra, a single taxpayer, has taxable income of $79,238. Using the tax tables, she has determined that her tax liability is: $11.284. $14,059. $15,545. d. $15,625.

Q: A married taxpayer has taxable income of $47,861.

A married taxpayer has taxable income of $47,861. You have calculated tax liability using the tax tables and using the tax rate schedules. What can you say about the two figures? Tax liability dete...

Q: Eddie, a single taxpayer, has W-2 income of

Eddie, a single taxpayer, has W-2 income of $38,189. Using the tax tables, he has determined that his tax liability is: $5,283. $3,909. $3,700. d. $3,234.