1- In order for a California employer to qualify for the employer Child Care Contribution credit, an employer must establish a qualified care plan. Qualified care includes care provided at:

a. an onsite service, meaning at the employers place of business

b. a child care center

c. the private home of a child care provider

d. the employees home

e. Any of the above

2- Which of the following statement is true regarding California rule of carryover of unused capital loss?

a. California does not allow carryover of unused capital loss

b. California allows carryover of unused capital loss; use the California capital loss carryover worksheet to compute the carryover amount

c. California allows 100% of carry of unused capital loss, no restrictions

d. California follows federal capital loss carryover rule

3- Jared had the following expense in 2019: Employee business expenses = $175 Tax Preparation fees = $200 Expenses paid to produce or collect taxable income and manage or protect property held for earning income = $500 Investment expenses = $750 What is the excludable amount of expenses on his CA tax return?

a. $0

b. $175

c. $750

d. $875

4- Entertainment expenses are deductible

a. Not deductible

b. 25% deductible

c. 50% deductible

d. Deductible to the extent the taxpayer could establish that the item was directly related to, or in the case of an item directly preceding or following a substantial and bona fide business discussion