Question
A housing allowance received by a clergy member will be all of the following except: Select one: a. Subject to income tax for the amount
A housing allowance received by a clergy member will be all of the following except:
Select one:
a. Subject to income tax for the amount that is not used for housing purposes.
b. Not taxable for income tax or self-employment tax.
c. The total housing allowance is subject to self-employment tax.
d. Is not subject to income tax if the full amount is used for housing purposes
Lucas and Helen divorced in 2017. Their son, Joy, is age 10 and has lived with lucas for the last two years. The divorce decree gives Helen the right to claim Joy as a dependent. Who can claim Joy for the earned income credit?
Select one:
a. Neither Lucas nor Helen
b. Helen
c. Lucas
d. Either Lucas or Helen, they can decide which
Andres works as a salesman for Binge Enterprises. He travels outside his tax home on a regular basis and is reimbursed for his meal and lodging expenses by his employer under an accountable plan. For the meal and lodging reimbursement he receives from his employer to not be taxable income he must:
Select one:
a. Have paid or incurred the expense while performing services as an employee.
b. Adequately account to his employer for these expenses within a reasonable time period.
c. Return any excess reimbursements or allowance with a reasonable time period.
d. All of the these.
e. None of these.
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