Art is C ortion. This year it med A) 512 the IRS will receive 1.500 $10.00 chh owing ringe t its under his employer's compensation plan A) a nd group term we insurance of $20,000 5120 cash per pay period Dedicate on his family 8) In December 2018 Max cash basis cash basis taxpayer, rents an apartment to Kadeem. Mas receives pwyers an apartment her and last month The amount of .com rent totaling plus a security deposit of reported as taxable in 2014 A) 5.200. B) 51.850 9) Benefits covered by Section 12 (fringe benefits which may be excluded from an employee's gross income do not include A) employer-provided uniforms B) employee's use of an employer-owned health club hotel employee's use of a vacant hotel room D) employer provided vehicle for personal use. 10) Eva and Lisa eich retired this year and started receiving distributions from their respective retirement plans, Eva's plan was funded with all pre-tax contribution, whereas Lisa's plan was funded with only after-tax contributions (Roth plan) with respect to the tax treatment of their retirement plan distributions A) Eva's distributions will be fully taxable, and Lisa's distributions will not be taxable. B) Eva's distributions will not be taxable, but Lisa's distributions will be fully taxable, Q distributions from both retirement plans will be fully taxable. D) neither Eva's nor Lisa's distributions will be taxable. 11) Ms. Marple's books and records for 2019 reflect the following information: S68000 Salary eamed this year Interest on savings account (credited to her account in 2019 withdrawn in 2020) Interest on U.S. Treasury bonds Interest on county bonds earned and collected in 2019 1,000 3,000 2,000 What is the amount Ms. Marple should include in her gross income in 2018? A) $74,000 B) $68,000 C) $72,000 D) $69,000 12) 12) A couple will be getting divorced in 2019, resulting in the payment of alimony, Alimony paid in 2019 will be A) an item which does not affect the payor's or the payee's tax reporting. B) deductible by both the payor and the payee. C) included in income by the payor and deducted by the payee. D) deductible by the payor and included in income by the payee. Art is C ortion. This year it med A) 512 the IRS will receive 1.500 $10.00 chh owing ringe t its under his employer's compensation plan A) a nd group term we insurance of $20,000 5120 cash per pay period Dedicate on his family 8) In December 2018 Max cash basis cash basis taxpayer, rents an apartment to Kadeem. Mas receives pwyers an apartment her and last month The amount of .com rent totaling plus a security deposit of reported as taxable in 2014 A) 5.200. B) 51.850 9) Benefits covered by Section 12 (fringe benefits which may be excluded from an employee's gross income do not include A) employer-provided uniforms B) employee's use of an employer-owned health club hotel employee's use of a vacant hotel room D) employer provided vehicle for personal use. 10) Eva and Lisa eich retired this year and started receiving distributions from their respective retirement plans, Eva's plan was funded with all pre-tax contribution, whereas Lisa's plan was funded with only after-tax contributions (Roth plan) with respect to the tax treatment of their retirement plan distributions A) Eva's distributions will be fully taxable, and Lisa's distributions will not be taxable. B) Eva's distributions will not be taxable, but Lisa's distributions will be fully taxable, Q distributions from both retirement plans will be fully taxable. D) neither Eva's nor Lisa's distributions will be taxable. 11) Ms. Marple's books and records for 2019 reflect the following information: S68000 Salary eamed this year Interest on savings account (credited to her account in 2019 withdrawn in 2020) Interest on U.S. Treasury bonds Interest on county bonds earned and collected in 2019 1,000 3,000 2,000 What is the amount Ms. Marple should include in her gross income in 2018? A) $74,000 B) $68,000 C) $72,000 D) $69,000 12) 12) A couple will be getting divorced in 2019, resulting in the payment of alimony, Alimony paid in 2019 will be A) an item which does not affect the payor's or the payee's tax reporting. B) deductible by both the payor and the payee. C) included in income by the payor and deducted by the payee. D) deductible by the payor and included in income by the payee
