4. LO.2, 4 Identify which of the following are tax preferences: a. Seven percent of the exclusion...

Question:

4. LO.2, 4 Identify which of the following are tax preferences:

a. Seven percent of the exclusion associated with gains on the sale of certain small business stock.

b. Exclusion on the receipt of property by gift or by inheritance.

c. Exclusion associated with payment of premiums by the employer on group term life insurance for coverage not in excess of $50,000.

d. Percentage depletion in excess of the property’s adjusted basis.

e. Exclusion of life insurance proceeds received as the result of death.

f. Exclusion to the employee on the employer’s payments of health insurance premiums for employees.

g. Qualified dividends that are eligible for the 15% tax rate.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

South-Western Federal Taxation 2014 Corporations Partnerships Estates And Trusts

ISBN: 9781285424484

37th Edition

Authors: William H. Hoffman Jr., William A. Raabe, James E. Smith, David M. Maloney, James C. Young

Question Posted: