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6. Schedule C, Profit or Loss from Business, has a line for an Employer ID number, EIN. If the taxpayer does not have an EIN,

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6. Schedule C, Profit or Loss from Business, has a line for an Employer ID number, EIN. If the taxpayer does not have an EIN, which of the following is true: a. Enter the taxpayer's social security number in its place. b. Enter the payer's EIN off of Form 1099-Misc. c. Leave it blank. d. Write "DOES NOT APPLY" on the line. 7. For long term capital gains, the holding period must be: a. One year or more. b. One year or less. c. More than one year. d. More than 18 months 8. What filing statuses could a custodial parent use even though her son cannot be claimed as her dependent because, according to their divorce decree, the other parent can claim their son as a dependent? a. Single b. Head of household c. Married filing separately d. Married Filing Joint 9. AGI - Standard or Itemized Deduction - QBID = a. Total Income b. Taxable income c. Gross Income d. Earned Income 10. A taxpayer may be eligible to claim a foreign tax credit on taxes paid to a foreign country on income that is: a. Taxed only on the U.S. return. b. Taxed by a foreign country and the U.S. c. Taxed only by a foreign country. d. Nontaxable to the foreign country and the U.S. 6. Schedule C, Profit or Loss from Business, has a line for an Employer ID number, EIN. If the taxpayer does not have an EIN, which of the following is true: a. Enter the taxpayer's social security number in its place. b. Enter the payer's EIN off of Form 1099-Misc. c. Leave it blank. d. Write "DOES NOT APPLY" on the line. 7. For long term capital gains, the holding period must be: a. One year or more. b. One year or less. c. More than one year. d. More than 18 months 8. What filing statuses could a custodial parent use even though her son cannot be claimed as her dependent because, according to their divorce decree, the other parent can claim their son as a dependent? a. Single b. Head of household c. Married filing separately d. Married Filing Joint 9. AGI - Standard or Itemized Deduction - QBID = a. Total Income b. Taxable income c. Gross Income d. Earned Income 10. A taxpayer may be eligible to claim a foreign tax credit on taxes paid to a foreign country on income that is: a. Taxed only on the U.S. return. b. Taxed by a foreign country and the U.S. c. Taxed only by a foreign country. d. Nontaxable to the foreign country and the U.S

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