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In 2010, the U.S. President declared a federal disaster due to wild fires in California

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1. The deduction for qualified tuition and related expenses includes: (Points : 1)
Insurance and medical expenses.
Only tuition and related expenses.
Room and board.
Transportation and other personal living expenses.

2. In 2010, the U.S. President declared a federal disaster due to wild fires in California. Helen lives in the affected area and lost her home in the fires. What choice does she have regarding when she can claim the loss on her tax return? (Points : 1)
It must be claimed in 2009 if the return has not been filed by the date of the loss.
It must be claimed in 2010 if the loss is greater than Helen's modified adjusted gross income.
It may be claimed in 2011 if an election is filed with Helen's 2010 return.
It may be claimed in either 2009 or 20010.

3. During 2009 Shakira paid the following expenses:

Prescription Medicines $525
Doctors and dentists 1,050
Vitamins and ibuprofen 275
Health club membership fee 450

What is the total amount of medical expenses (before application of the adjusted gross income limitation) that would enter into the calculation of itemized deductions on Shakira's 2009 income tax return? (Points : 1)

4. Which of the following organizations do not qualify for deductible charitable contributions? (Points : 1)
The Red Cross.
A political party.
All of the above.

5. Which of the following costs are deductible on Form 1040, Schedule A, as taxes?

i. Real estate taxes on property owned in Mexico.
ii. Property tax portion of vehicle registration, based on the value of the auto.
iii. Fine for speeding.
iv. Personal property tax on a pleasure boat. (Points : 1)
i, ii, and iv.
iii and iv.
All of the items are deductible.
None of the items are deductible.

6. Which of the following miscellaneous itemized deductions is not subject to the 2% of adjusted gross income limitation? (Points : 1)
Unreimbursed employee business expenses.
Gambling losses up to the amount of gambling winnings.
Union or professional dues and subscriptions.
Tax return preparation fees.

7. Which of the following is not deductible as a moving expense? (Points : 1)
The cost of moving household goods.
Travel expenses during the move.
The cost of a pre-move house hunting trip.
Lodging for household members during the move.

8. An eligible educator for purposes of the educator's expense deduction is: (Points : 1)
A teacher.
A counselor.
A principal.
All of the above

9. Which of the following may not be deducted as medical expenses? (Disregard any limitations which may apply.) (Points : 1)
$3,000 to a family physician for medical care.
$1,000 long-term care insurance.
$600 for eyeglasses.
$300 for maternity clothes

10. Which of the following items are considered alimony? (Points : 1)
Payments made to a third party on behalf of the former spouse for the former spouse's dental expenses.
Payments made for a six month period after the death of the recipient spouse.
Noncash property settlement.
Payments made on a piece of property transferred to the ex-spouse under the settlement agreement.

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