Question: In order to build a new road,

> The diameter of a sphere is measured to be 5.36 in. Find (a) The radius of the sphere in centimeters (b) The surface area of the sphere in square centimeters, and (c) The volume of the sphere in cubic centimeters.

> A certain car has a fuel efficiency of 25.0 miles per gallon (mi/gal). Express this efficiency in kilometers per liter (km/L).

> A car is traveling at a speed of 38.0 m/s on an interstate highway where the speed limit is 75.0 mi/h. Is the driver exceeding the speed limit? Justify your answer.

> Find the height or length of these natural wonders in kilometers, meters, and centimeters: (a) The longest cave system in the world is the Mammoth Cave system in Central Kentucky, with a mapped length of 348 miles. (b) In the United States, the waterfall

> A firkin is an old British unit of volume equal to 9 gallons. How many cubic meters are there in 6.00 firkins?

> A small turtle moves at a speed of 186 furlongs per fortnight. Find the speed of the turtle in centimeters per second. Note that 1 furlong = 220 yards and 1 fortnight = 14 days.

> What types of natural phenomena could serve as time standards?

> A fathom is a unit of length, usually reserved for measuring the depth of water. A fathom is approximately 6ft in length. Take the distance from Earth to the Moon to be 250,000 miles and use the given approximation to find the distance in fathoms.

> A house is advertised as having 1420 square feet under roof. What is the area of this house in square meters?

> The Roman cubitus is an ancient unit of measure equivalent to about 0.445 m. Convert the 2.00-m height of a basketball forward to cubiti.

> Under what circumstances would a vector have components that are equal in magnitude?

> The edges of a shoebox are measured to be 11.4 cm, 17.8 cm, and 29 cm. Determine the volume of the box retaining the proper number of significant figures in your answer.

> Two different measuring devices are used by students to measure the length of a metal rod. Students using the first device report its length as 0.5 m, while those using the second report 0.502 m. Can both answers be correct (choose one)? (a) Yes, because

> A rectangle has a length of (2.0 ± 0.2) m and a width of (1.5 ± 0.1) m. Calculate (a) the area and (b) the perimeter of the rectangle and give the uncertainty in each value.

> Suppose two quantities, A and B, have different dimensions. Determine which of the following arithmetic operations could be physically meaningful. (a) A + B (b) B - A (c) A - B (d) A/B (e) AB

> How many significant figures are there in (a) 78.9 ± 0.2 (b) 3.788 x 109 (c) 2.46 x 1026 (d) 0.003 2

> List some advantages of the metric system of units over most other systems of units.

> The period of a simple pendulum, defined as the time necessary for one complete oscillation, is measured in time units and is given by where â„“ is the length of the pendulum and g is the acceleration due to gravity, in units of length

> Jake has a Schedule C (that reports on the cash basis of accounting) with the following assets: Jake contributes these assets to form AJ Partnership and receives a 50% interest. His basis in the partnership interest is: a. $0. b. $99,500. c. $159,500.

> Billy contributes land with an FMV of $7,000 and a basis of $3,000 to ABCD Partnership in return for a 5% partnership interest in the partnership. ABCD’s basis in the land: a. Is $0. b. Is $3,000. c. Is $7,000. d. Cannot be determined.

> Billy contributes land with an FMV of $7,000 and a basis of $3,000 to ABCD Partnership in return for a 5% partnership interest in the partnership. Billy’s basis in the partnership: a. Is $0. b. Is $3,000. c. Is $7,000. d. Cannot be determined.

> Carmin performs services in exchange for a 25% interest in Real Estate Rental Partnership. The services were worth $15,000. The tax implications to Carmin are: a. No taxable income and a partnership interest with a basis of $0. b. No taxable income and

> After computing all tax preferences and AMT adjustments, Phillip and his wife Carmin have AMTI of $1,210,000. If Phillip and Carmin file a joint tax return, what exemption amount can they claim for AMT for 2019? a. $0. b. $71,700. c. $64,350. d. $111,70

> Paul reported the following itemized deductions on his 2019 tax return. His AGI for 2019 was $65,000. The mortgage interest is all qualified mortgage interest to purchase his personal residence. For AMT, compute his total adjustment for itemized deductio

> Which of the following statements is correct with regard to the medical expense deduction? a. Medical expenses are not deductible for AMT. b. The medical expense deduction is decreased for AMT. c. The medical expense deduction is increased for AMT. d. T

> Which of the following itemized deductions is not allowed for AMT? a. Medical expenses. b. Taxes. c. Charitable contributions. d. Interest on loan to purchase principal residence.

> Jacob is single with no dependents. During 2019 he has $48,000 of taxable income. He also has $28,000 of positive AMT adjustments and $12,000 of tax preferences. Jacob does not itemize his deductions but takes the standard deduction. Calculate his AMTI.

> Raymond sells his entire interest in a rental property in which he actively participated at a gain of $18,000. The activity has a current year loss of $5,500 and $18,500 in prior-year suspended losses. During the year, Raymond has $55,000 in salary. What

> How do the time and distance factors for qualifying moving expenses come into play for 2019?

> Basil has $130,000 AGI (before any rental loss). He also owns several rental properties in which he actively participates. The rental properties produced a $30,000 loss in the current year. How much, if any, of the rental loss can Basil deduct in the cur

> Nathaniel has AGI (before any rental loss) of $65,000. He also owns several rental properties in which he actively participates. The rental properties produced a $30,000 loss in the current year. Nathaniel also has $5,000 of income from a limited partner

> Samuel is a CPA and earns $150,000 from his practice in the current year. He also has an ownership interest in three passive activities. Assume he is sufficiently at risk in each of the three partnerships. In the current tax year, the activities had the

> Janel owns five small businesses, each of which has its own manager and employees. Janel spends the following number of hours this year working in the various businesses: Business A, 130 hours; Business B, 160 hours; Business C, 110 hours; Business D, 12

> Sylvester, an accountant, owns a mail-order business in which he participates. He has one employee who works part time in the business. Which of the following statements is not correct? a. If Sylvester participates for 600 hours and the employee partici

> Which of the following would be considered a passive activity? a. A limited partnership interest. b. Most rental real estate activities. c. A trade or business in which the taxpayer does not materially participate. d. All of the above.

> Agnes and Aunt Sue each invested $140,000 cash in the A&S Partnership, and each received a 50% interest in the partnership. To finance her investment in the partnership, Agnes borrowed $60,000 on a full recourse basis from her partner, Aunt Sue. Which of

> Bryce owns 200 shares of Basic Company stock that he purchased for $8,000 three years ago. On December 28, 2019, Bryce sold 100 shares of the stock for $2,500. On January 3, 2020, Bryce repurchased 50 shares for $1,100. How much of the loss can Bryce ded

> On June 1, 2019, Nigel sells land (basis $55,000) to his son Ted for $40,000, the land’s FMV on the date of the sale. On September 21, 2019, Ted sells the land to an unrelated party. Which of the following statements is correct? a. If Ted sells the land

> All of the following relationships are considered related parties except a. A corporation and a taxpayer whose spouse owns 80% of the corporation’s stock. b. A trust and a taxpayer who is the grantor of the trust. c. A corporation and a taxpayer who ow

> Explain who qualifies for the deductibility of moving expenses in 2019.

> Daniel, who is single, purchased a house on May 15, 1996, for $115,000. During the years he owned the house, he installed a swimming pool at a cost of $24,000 and replaced the driveway at a cost of $12,000. On April 28, 2019, Daniel sold the house for $4

> Marcus purchased Vinnie and Marie’s personal residence for $225,000 cash and the assumption of their $100,000 mortgage. Vinnie and Marie bought the house six years ago for $275,000 and have used it as a primary residence. What amount of gain should Vinni

> A taxpayer who sells her personal residence in 2019 may exclude some or all of the gain on the sale if the residence was owned and lived in for a. At least four years before the sale date. b. Any two years of a five-year period before the sale. c. Any

> Which of the following statements is correct with regard to installment sales? a. The contract price is generally the amount of cash the seller will receive. b. Sales by a taxpayer who is a dealer in the item sold are not eligible for installment sale t

> On July 1, 2019, Andrea sold land held for investment to Taylor. Andrea’s land had a $300,000 basis and was subject to a $150,000 mortgage. Under the contractual agreement, Taylor will pay Andrea $85,000 on the date of the sale, will assume the mortgage,

> On June 15, 2019, Allen sold land held for investment to Stan for $50,000 and an installment note of $250,000 payable in five equal annual installments beginning on June 15, 2020, plus interest at 10%. Allen’s basis in the land is $150,000. What amount o

> Kyla owns a convenience store with an adjusted basis of $215,000 that was destroyed by a flood on August 15, 2019. Kyla received a check for $275,000 from her insurance company on January 10, 2020, compensating her for the damage to her store. What is th

> A warehouse with an adjusted basis of $250,000 was destroyed by a tornado on April 15, 2019. On June 15, 2019, the insurance company paid the owner $395,000. The owner reinvested $470,000 in a new warehouse. What is the basis of the new warehouse if nonr

> A warehouse with an adjusted basis of $125,000 was destroyed by a tornado on April 15, 2019. On June 15, 2019, the insurance company paid the owner $195,000. The owner reinvested $170,000 in another warehouse. What is the basis of the new warehouse if no

> In 2015, Chara incurred a loan to pay for qualified higher education expenses for her 20-year old daughter who was a dependent. In 2019, her granddaughter graduated from college, moved away to start a new job, and ceased to be a dependent on Chara’s tax

> What tax form is completed to elect deferral of gain on an involuntary conversion? a. No form is required. b. Form 4797. c. Form 4562. d. Form 1040, Schedule D.

> Gretel exchanges a warehouse with an adjusted basis of $150,000 and an FMV of $160,000 for a mini-storage building with an FMV of $100,000 and $60,000 cash. What are the recognized gain or loss and the basis of the mini-storage building? a. $0 gain and

> Jason exchanged land for another lot of land. The old land had an adjusted basis of $14,000, and the new land had an FMV of $22,000. Jason also paid $5,000 cash in the exchange. What are the recognized gain or loss and the basis of the land? a. $0 and

> Janel exchanges a building she uses in her rental business for a building owned by Russel that she will use in her rental business. The adjusted basis of Janel’s building is $160,000, and the FMV is $250,000. The adjusted basis of Russel’s building is $8

> Ava exchanges a land used in her business with Gail for another parcel of land. The basis of Ava’s old land is $50,000, the FMV is $66,000, and she gives Gail cash of $14,000. Gail’s basis in her land is $70,000, and the FMV is $80,000. What is Ava’s adj

> Terrance is age 71 and retired. Beginning in 2019, he must start taking minimum distributions from his IRA account that had a balance of $150,000 as of December 31, 2018. Make these three assumptions: His IRA will earn 8% per year, he will withdraw the m

> For the asset received in a like-kind exchange, how is the holding period of the new asset determined? a. According to the date the new asset is received. b. According to the date the old asset is given away. c. According to the holding period of the ol

> For an exchange to qualify as a nontaxable exchange, what criteria must be present? a. There must be an exchange. b. The property transferred and received must be real property held for use in a trade or business or for investment. c. The property excha

> Juanita, age 62, retired in 2019. During the year, she received distributions of $9,000 from her IRA. She made nondeductible contributions of $20,000 to the IRA in prior years and has never received a nontaxable distribution. As of December 31, 2019, the

> Mark, who is single, must start making distributions from his pension plan beginning April 1, 2019. At the end of 2018, when Mark was 71 years old, the plan had a balance of $220,000. He will use a single life expectancy. What amount must Mark take as a

> How does a change of duty station to a foreign location change the deduction of allowable moving expenses for a service member?

> Juan is single and retired on January 1, 2019, at age 62. He is entitled to receive monthly payments of $1,500 over his life from his employer’s qualified pension plan. The payments began January 1, 2019. He contributed $71,500 to the plan prior to his r

> Ellen is attending college less than half time. In the current year, she had education-related expenses of $8,000 for tuition and fees, $4,000 for room and board, $500 in transportation to and from her parent’s house, and $1,000 for required books. What

> Which of the following statements is true for a Qualified Tuition Plan (QTP)? a. Undergraduate or graduate students must be attending full time. b. Tax-free distributions are permitted of up to $10,000 per year for tuition and room and board at K–12 sch

> Vanessa and Martin file a joint return for 2019. They have one child, age 12. They have combined AGI of $202,000. What is their maximum permitted contribution to a Coverdell Education Savings Account for 2019? a. $0. b. $800. c. $1,200. d. $2,000.

> Without regard to AGI limitations, what is the maximum contribution permitted to a Coverdell Education Savings Account in 2019? a. $500. b. $2,000. c. $6,000. d. The lower of $6,000 or 100% of compensation.

> Jack is single and age 53. He reported AGI of $71,000 in 2019. He is an active participant in his employer’s pension plan. What is the maximum deductible IRA contribution he can make in 2019? a. $2,100. b. $4,900. c. $6,000. d. $7,000.

> Thomas is a self-employed plumber under the age of 50. His earnings from self-employment, before the Keogh deduction but after deducting half of the self-employment tax, are $80,000. What is his deductible Keogh contribution for 2019? a. $16,000. b. $19

> A participant in a 401(k) plan under the age of 50 may contribute up to what amount in 2019? a. $6,000. b. $13,000. c. $19,000. d. $56,000.

> Sanjay purchased a single life annuity contract for $200,000. The contract will pay $15,000 per year beginning in 2019 for the remainder of his life and has an expected return of $330,000. What amount of taxable income must Sanjay report in 2019? a. $5

> A participant in a Keogh plan over the age of 50 may contribute up to what amount in 2019? a. $7,000. b. $25,000. c. The lower of $56,000 or 25% of earned income from self-employment. d. The greater of $56,000 or 25% of earned income from self-employmen

> Rina, per orders of her military unit, moved from Seattle to Tampa and incurred $5,000 of unreimbursed moving expenses. What are the two criteria that are necessary for her to meet regarding her service in order to deduct these unreimbursed expenses?

> Carol works for ABC Company and earned $63,000 for the entire year 2019. How much in FUTA tax is her employer required to withhold in her name? Assume that the employer receives the maximum credit for state unemployment taxes. a. $0. b. $42.00. c. $43.4

> Adam received a bonus of $6,000 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 earns biweekly wages of $5,000, is single, and claims one

> A taxpayer with 2019 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 2019 tax liability ratably over four quarterly payments. b. At lea

> On January 3, 2019, Jane employed a part-time household worker in her home. She paid the household worker $350 per month for 2019. What amount of FICA tax is Jane required to record on Schedule H? a. $237.30. b. $321.30. c. $558.60. d. $642.60.

> Dwayne is single with two dependents. He enrolled in a qualified health care plan through the Marketplace at a cost of $4,200 per year. His household income was $43,730. The SLCSP premium is $4,950. What is Dwayne’s premium tax credit? a. $0. b. $1,933.

> Employers pay a maximum federal unemployment tax of 6.0% on how much of an employee’s taxable wages for 2019? a. $1,800. b. $3,800. c. $5,800. d. $7,000.

> Household employees are subject to FICA withholding if they are paid at least what amount during 2019? a. $1,800. b. $1,900. c. $2,000. d. $2,100.

> Thomas and Stephani are married with four qualifying children. Their earned income is $28,500. Calculate their EIC using the EIC formula. a. $4,563. b. $5,782. c. $6,002. d. $6,557.

> Juan and Lydia both work, file a joint return, and have one qualifying child. They have earned income of $19,000. What is their EIC? a. $529. b. $3,036. c. $3,526. d. $6,460.

> Abel and Loni adopted a boy (a U.S. citizen) during the current tax year and incurred a total of $15,675 in qualified adoption expenses. Abel and Loni have modified AGI of $225,000. What is the amount of adoption credit they can take? a. $9,208. b. $10,2

> Which form would a member of the military use to deduct qualifying moving expenses and what key pieces of information should be included there?

> After two and one-half years of working with the orphanage and the government, Jake and Nikki adopted a two-year-old girl from Korea. The adoption process, which became final in January 2019, incurred the following qualified adoption expenses. For how mu

> Vickie is single and age 43. She reported AGI of $126,000 in tax year 2019. She is an active participant in her employer’s pension plan. What is the maximum Roth IRA contribution she can make in 2019? a. $0. b. $1,600. c. $4,400. d. $6,000.

> Patrice is single and age 26. She reported AGI of $68,000 in tax year 2019. She is an active participant in her employer’s pension plan. What is the maximum deductible Roth IRA contribution she can make in 2019? a. $0. b. $2,400 c. $3,600. d. $6,000.

> Lauer Company started its business on July 25, 2019. On August 9 it paid wages for the first time and accumulated a tax liability of $48,000. On Friday, August 16, it incurred a tax liability of $52,000. How is Lauer Company treated as a depositor? a. M

> Ed and Cathy, both under age 50, file a joint return. Neither is covered under an employer pension plan. Cathy earned compensation of $53,000 in 2019. Ed worked part time and earned $1,200. What is the maximum deductible IRA contribution they can make in

> Terri is single and age 32. She reported AGI of $70,000 in tax year 2019. She is an active participant in her employer’s pension plan. What is the maximum deductible IRA contribution she can make in 2019? a. $6,000. b. $3,600. c. $2,400. d. $0.

> Erica earned $133,800 during 2019. How much will her employer withhold from her, in total, for FICA taxes? a. $9,842.90. b. $10,179.90. c. $10,222.65. d. $10,235.70.

> Dewoun has two jobs, and both employers withheld FICA tax. From his first job, he earned $104,110, and from his second job, he earned $30,300. How much can Dewoun claim as an additional payment on his Form 1040 as excess social security paid in 2019? a.

> Carlos earned a total of $236,000 for 2019. How much in FICA tax will his employer be required to withhold in his name? a. $11,448.30. b. $11,661.80. c. $11,706.80. d. $11,985.80

> Adenike has two jobs and earned $115,000 from her first job and $20,000 from her second job. How much total FICA taxes will Adenike have withheld from her wages from working two jobs? a. $9,945.00. b. $10,197.30. c. $10,327.50. d. $10,372.50.

> Sam owns all of the stock in a newly formed corporation. During 2019, the first year of operation, the corporation realized current earnings and profits of $10,000. Sam received a $12,000 distribution from the corporation. How much, if any, of the distri

> Darren paid the following expenses during November 2019 for his son Sean’s college expenses for the spring 2020 semester, which begins in January 2020: Tuition  $ 12,000  Housing  $ 8,000  Books  $ 1,500   In addition, Sean’s uncle paid

> Marla is married, is paid $3,425 semimonthly, and claims four withholding allowances. What is the amount of federal income tax withheld on Marla’s gross wages for the semimonthly period? Use the percentage method table in the Appendix at the end of the c

> Ely is single, is paid $1,272 per week, and claims one allowance. What is the amount of federal income tax withheld on Ely’s gross wages for the week? Use the wage bracket table in the Appendix at the end of the chapter. a. $163. b. $165. c. $168. d. $1

> Employees claim withholding allowances on Form W-4. Each withholding allowance claimed lowers their annual withholding base by what amount for calendar year 2019? a. $4,050. b. $4,100. c. $4,150. d. $4,200

> Use the information in Table 1-3. If the federal tax system was changed to a proportional tax rate structure with a tax rate of 17%, calculate the amount of tax liability for 2017 for all taxpayers. How does this amount differ from the actual liability?

> Using the information in Table 1-3, determine the amount of average income tax liability per tax return, rounded to the nearest dollar, for each income range provided.