California's Alternative Minimum Tax __________. Affects more California taxpayers than the federal Has different exemption amounts and tax rates than the federal Is discussed in the instructions for Schedule CA (540) Follows different principles than the federal Mark for follow up

Question 66 of 75. How many different amounts for the standard deductions can be found on a California 2020 return for taxpayers who are not dependents? One. Two. Three. Four. Mark for follow up

Question 67 of 75. Which one of these deductions would NOT be disallowed on the California return during months when a rental is deemed to be substandard housing? Mortgage interest. Property tax. Insurance. Depreciation. Mark for follow up

Question 68 of 75. John and Megan will be itemizing their deductions on their 2020 tax returns for both federal and California. What is the impact of the $245 California 2019 balance due they paid in April of 2020? It will be an itemized deduction on both returns. It will have no impact on either tax return. It will be an itemized deduction on the federal return and a subtraction on side 1 of Schedule CA (540). It will be an itemized deduction on the federal return and a subtraction on side 2 of Schedule CA (540). Mark for follow up

Question 69 of 75. What adjustment(s) may need to be made on the California return when a taxpayer has California lottery winnings? An income subtraction and an itemized deduction addition. An income subtraction and an itemized deduction subtraction. An income addition and an itemized deduction subtraction. An income addition and an itemized deduction addition. Mark for follow up

Question 70 of 75. Paid family leave requires which adjustment(s) for the California return? An income subtraction and an itemized deduction addition. An income subtraction. An income addition. An income addition and an itemized deduction addition. Mark for follow up

Question 71 of 75. What is California Form 593 used to report? An additional tax on real estate sales. A prepayment estimate of tax due on the anticipated capital gain from the sale of California real estate. The sale of a primary residence. Any real estate sale except that of a primary residence. Mark for follow up

Question 72 of 75. Does California conform to federal law for certain transportation benefits being excluded from income? California conforms completely. California does not conform. There are fewer limitations in the California law. California conforms, but with a lower dollar limitation. California does not conform. There is no exclusion under California law. Mark for follow up

Question 73 of 75. Which of these is a requirement for the California Child and Dependent Care Expenses Credit? The taxpayer and the qualifying person(s) must live in the same home for the entire year. The California AGI must be $100,000 or less. Qualifying care must have been provided in California. The California credit is calculated independently of the federal credit. Mark for follow up

Question 74 of 75. Jeremiah signed a three-year contract to support construction projects in Afghanistan. He left California on March 15, 2019, leaving his family in their home in Ventura, California. He returned home for 30-day vacations in 2019 and 2020. Which of the following regarding his California residency status is TRUE? He was a part-year resident in 2019 and a nonresident for 2020. He was a part-year resident in both 2019 and 2020 because he was in California for 30 days in both years. He was a full-year resident in both years because he has a California domicile. He was a full-year resident in 2019 and a part-year resident in 2020. Mark for follow up

Question 75 of 75. In which of these areas of depreciation has California conformed to federal law? ACRS. Listed Property Rules. 179 expense deduction. Bonus depreciation.