Debby and marty are married and can claim an exemption in


Question 1

Regardless of income, a return must be filed if the taxpayer:

Is self-employed with net earnings of $400 or more

Owes any penalty taxes with respect to an IRA

Has liability for household employees

All of the above

Question 2

Which of the following expenses is not deductible from gross income?

Charitable contributions

One-half of self-employment tax

Alimony payments

Moving expenses

Question 3

Assuming spouses do not live apart for the entire year, joint filing is not a prerequisite to claiming:

Earned income credit

Net operating losses

Deduction for IRA contributions on behalf of a nonworking spouse

Dependent care credit

Question 4

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.

Prove that the understatement was substantial.

Meet one of three ways to obtain relief.

File for relief.

Question5

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.

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 6

Malcolm and Glenda Jackson divorced on June 1, 2015. Their one minor child lived with Glenda all of 2015. 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:

Single

Head of household

Married filing separately

Married filing jointly

Question 7

John and Linda Smith, a childless married couple, lived apart for all of 2015. On December 31, 2015, 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 2015?

Single

Head of household

Married filing jointly

Married filing separately

Question 8

Debby and Marty are married and can claim an exemption in 2015 for $16,000. How many minor children must they have in 2015?

None

Four

Two

Three

Question 9

In figuring the support test for a dependent who is a qualifying relative, which item is not taken into account?

Clothing

Dental care

Entertainment costs

Life insurance premiums

Question 10

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.

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 11

A qualifying child for purposes of a dependency exemption 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

Taxpayer's natural child who is age 26 and not permanently disabled

Question 12

Under the definition of a qualifying child for a dependency exemption, which test differs from the tests applied for a dependent who is not a qualifying child?

Joint return test

Citizenship or residency test

Gross income test

Social Security number.

Solution Preview :

Prepared by a verified Expert
Taxation: Debby and marty are married and can claim an exemption in
Reference No:- TGS02147091

Now Priced at $10 (50% Discount)

Recommended (99%)

Rated (4.3/5)