Question 1

Which of the following statements regarding the difference between the requirements for a qualifying child and the requirements for a qualifying relative is False?

Accepted Answer

A)   The relationship requirement is more broadly defined (more inclusive)  for qualifying relatives than for qualifying children.
B)   Qualifying children are subject to age restrictions while qualifying relatives are not.
C)   The support test for qualifying relatives focuses on the support the potential dependent self-provides while the support test for qualifying children focuses on the support the taxpayer provides.
D)   Qualifying relatives are subject to a gross income restriction while qualifying children are not.E) B) and D)
F) B) and C)

Question 2

All of the following represents a type or character of income except:

Accepted Answer

A)   Tax exempt.
B)   Capital.
C)   Qualified dividend.
D)   Normal.E) A) and B)
F) All of the above

Question 3

Which of the following is NOT a from AGI deduction?

Accepted Answer

A)   Standard deduction.
B)   Itemized deduction.
C)   Deduction for qualified business income.
D)   None of these. All of these are from AGI deductions.E) C) and D)
F) B) and D)

Question 4

Which of the following statements regarding tax credits is True?

Accepted Answer

A)   Tax credits reduce taxable income dollar for dollar.
B)   Tax credits provide a greater tax benefit the greater the taxpayer's marginal tax rate.
C)   Tax credits reduce taxes payable dollar for dollar.
D)   None of these statements is True.E) A) and B)
F) B) and D)

Question 5

Taxpayers who file as qualifying widows/widowers are treated the same for tax purposes in all respects as taxpayers who are married filing jointly for tax purposes.

Accepted Answer

A) True 
 B)False

Exam 4: Individual Income Tax Overview, Dependents, and Filing Status

Taxpayers who file as qualifying widows/widowers are treated the same for tax purposes in all respects as taxpayers who are married filing jointly for tax purposes.

Correct Answer
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Which of the following is NOT a from AGI deduction?

Correct Answer
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Which of the following statements regarding the difference between the requirements for a qualifying child and the requirements for a qualifying relative is False?

Correct Answer
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Which of the following statements regarding tax credits is True?

Correct Answer
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All of the following represents a type or character of income except:

Correct Answer
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Exam 4: Individual Income Tax Overview, Dependents, and Filing Status

Taxpayers who file as qualifying widows/widowers are treated the same for tax purposes in all respects as taxpayers who are married filing jointly for tax purposes.

Correct AnswerverifiedShow Answer

Which of the following is NOT a from AGI deduction?

Correct AnswerverifiedShow Answer

Which of the following statements regarding the difference between the requirements for a qualifying child and the requirements for a qualifying relative is False?

Correct AnswerverifiedShow Answer

Which of the following statements regarding tax credits is True?

Correct AnswerverifiedShow Answer

All of the following represents a type or character of income except:

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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