1, Which of the following employees may deduct the cost of a uniform?

a.A delivery person who must wear khaki-colored clothes on the job

b.A construction worker required by her employer to wear blue jeans

c.A member of the clergy that must wear ornate robes for special ceremonies

d.A police detective who must wear a suit and tie while on duty

e.A stock broker required by her employer to wear a business suit

2, Weber resides in a state that imposes a tax on income. The following information relating to Weber's state income taxes is available:

State income taxes withheld in 2016$3,000Refund received in 2016 for 2015 tax$ 300Assessment paid in 2016 for 2014 tax$ 800

Assuming he elects to deduct state and local income taxes, what amount should Weber use as state and local income taxes in calculating itemized deductions for his 2016 Federal income tax return?

a.$2,700

b.$3,800

c.$3,000

d.$3,500

e.None of these choices are correct.

3, Matthew purchases a new principal residence in the current year and pays points of $2,000 to obtain a mortgage loan. What is the proper tax treatment for the points paid?

a.The points must be amortized over the life of the loan.

b.The points are fully deductible in the current year.

c.The points must be capitalized into the cost of the residence.

d.The points must be amortized over 5 years.

e.The points are a nondeductible personal expense.

4, Household income for purpose of the premium tax credit includes all of the following except:

a.AGI of the taxpayer

b.AGI of the taxpayer's dependents

c.Any tax-exempt income

d.Nontaxable Social Security benefits

e.All of these choices are included in household income.

5, Casualty and Theft Losses (LO 5.5)

On January 3, 2016, Carey discovers his diamond bracelet has been stolen. The bracelet had a fair market value and adjusted basis of $6,900.

Assuming Carey had no insurance coverage on the bracelet and his adjusted gross income for 2016 is $46,000, calculate the amount of his theft loss deduction (after any limitations). $

6, Child and Dependent Care Credit (LO 6.3)

Marty and Jean are married and have 4-year-old twins. Jean is going to school full-time for 8 months of the year, and Marty earns $52,900. The twins are in day care so Jean can go to school while Marty is at work. The cost of day care is $8,600.

What is their child and dependent care credit?

7, Education Tax Credits (LO 6.5)

Janie graduates from high school in 2016 and enrolls in college in the fall. Her parents (who file a joint return) pay $4,600 for her tuition and fees.

If required, round your computations to the nearest whole value.

a.Assuming Janie's parents have AGI of $167,800, what is the American Opportunity tax credit they can claim for Janie? $

b.Assuming Janie's parents have AGI of $67,120, what is the American Opportunity tax credit they can claim for Janie? $