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Tax Accounting

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Tax Accounting
3 CHAPTER TAX DETERMINATION; PERSONAL AND DEPENDENCY EXEMPTIONS; AN OVERVIEW OF PROPERTY TRANSACTIONS Instructor: The test items in both the print Test Bank and ExamView test-creation software are numbered by question type within each chapter. Thus, users of ExamView can more easily preview their selections using the printed Test Bank in the same numbering system. Status: Present Topic TRUE OR FALSE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Level of current income tax rates Definition of gross income Income taxation and example of global approach Effect of AGI on the medical deduction Filing status: surviving spouse versus married filing separate Additional standard deductions: single and married amounts Standard deduction and adjustment for inflation Additional standard deduction of a dependent Itemized deductions versus standard deduction Basic and additional standard deductions Itemized deductions or standard deduction Itemized deductions or standard deduction Itemized deductions or standard deduction Standard deduction for resident alien Standard deduction requirements when married persons file separately Standard deduction: year of death Dependents standard deduction Dependents standard deduction Dependents standard deduction Dependents personal exemption not allowed Claiming a spouse on a separate return Determination of marital status Determination of marital status Gross income test and scholarships Support test and capital expenditures Support test and unexpended funds of dependent Multiple support agreement: amount of support rendered by dependent Divorce decree silent: custodial parent wins Relationship test for former in-laws and ex-wife 3-1 Unchanged Unchanged Unchanged Modified Unchanged New Unchanged Unchanged New Unchanged Unchanged Unchanged New Unchanged Unchanged Unchanged New New Unchanged Unchanged Unchanged Unchanged Unchanged Unchanged Unchanged Unchanged New New Unchanged 7 8 10 11 12 14 15 16 19 20 21 22
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