1. Which of the following shows the correct relationship among standard deduction amounts for the respective filing statuses A) Single > Head of Household > Married Filing Jointly B) Married Filing Jointly > Married Filing Separately > Head of Household C) Married Filing Jointly > Head of Household > Single D) Head of Household > Married Filing Separately > Married Filing Jointly

2. All of the following represent a type or character of income EXCEPT: A) Ordinary. B) Non-Ordinary. C) Imputed. D) Qualified dividend.

E) Passive

3. Which of the following statements is CORRECT regarding income? A) Income character determines the tax year in which the income is taxed. B) Income character depends on the taxpayer's filing status. C) Qualified dividend income is taxed at a lower rate than an equal amount of ordinary income. D) A taxpayer selling a capital asset at a gain recognizes ordinary income.

4. Refundable tax credits A) Offset tax due until income is zero, then any remainder can be carried forward. B) Are more valuable (provide greater tax benefit) as the taxpayer's marginal tax rate rises. C) Are presumed to be correct unless the IRS proves otherwise.

D) Reduce taxable income dollar for dollar.

5. Madison's gross tax liability is $9,000. Madison had $3,000 of non-refundable tax credits available and she had $8,000 of taxes withheld by her employer. What are Madison's taxes due (or taxes refunded) with her tax return? A) $1,000 tax refund. B) $6,000 taxes due. C) $2,000 tax refund. D) None of these are true.

6. All of the following are tests for determining qualifying relative status except _____. A) relationship test. B) net income test. C) support test. D) All of these are valid tests.