1. Regarding the tax formula and its relationship to Form 1040, which of the following statements, if any, is correct?

A. A taxpayer's AGI amount appears both at the bottom of page 1 and at the top of page 2 of Form 1040.

B. None of these.

C. A Schedule 1 deduction refers to a deduction for AGI.

D. Most exclusions from gross income are reported on page 2 of Form 1040.

E. An above-the-line deduction refers to a deduction from AGI.

2. Which of the following, if any, is a deduction for AGI?

A. Medical expense.

B. Funeral expenses.

C. Contributions to a traditional Individual Retirement Account.

D. Child support payments.

3. Which of the statements regarding the standard deduction, if any, is correct?

A. The standard deduction may be taken as a for AGI deduction.

B. The basic standard deduction is indexed for inflation but the additional standard deduction is not.

C. Some taxpayers may qualify for two types of standard deductions.

D. The standard deduction is not available to taxpayers who are dependents.

E. None of these.

4. A qualifying child cannot include:

A. A daughter who is away at college under 24.

B. A grandmother.

C. A married son who files a joint return.

D. A brother who is 28 years of age and disabled.

E. A nonresident alien of US. Resident of Mexico.

5. Which Regulations have the force and effect of law?

A. Interpretive Regulations

B. Legislative Regulations

C. Proposed Regulations

D. All of these.

E. Procedural Regulations