Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Emily, a single mother of twins, receives both child support ($8,000/year) and alimony ($10,000/year) as family support payments from her ex-husband. How should she report

  1. Emily, a single mother of twins, receives both child support ($8,000/year) and alimony ($10,000/year) as family support payments from her ex-husband. How should she report these payments on her California tax return?

    1. a) She doesnt need to include the family support payments of $18,000 on her California tax return.

    2. b) She must include the family support payments of $18,000 on her California tax return.

    3. c) She must include the child support payments of $8,000 on her California tax return.

    4. d) She must include the alimony payments of $10,000 on her California tax return.

  2. Conan already knows he will not owe any tax for the taxable year, but he has not had time to complete his California tax return. He knows he will need an extension of time to file Form 540. What is he required to do to obtain an automatic extension?

    1. a) He is not required to do anything.

    2. b) He must file Form FTB 3519.

    3. c) If a federal extension was filed, he must mail a copy to the FTB.

    4. d) He must contact the FTB directly to request an extension.

6. Stuart wishes to contribute $400 to the State Parks Protection Fund/Parks Pass Purchase on his 2017 tax return. He would like to include the donation amount on his return as a charitable contribution. What amount and when can he deduct this as an itemized deduction on his tax return?

  1. a) $400; deductible on his 2017 return

  2. b) $205; deductible on his 2018 return

  3. c) $400; deductible on his 2018 return

  4. d) $205; deductible on his 2017 return

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management And Cost Accounting

Authors: Charles T. Horngren (Author), Alnoor Bhimani (Author), Srikant M. Datar (Author), George Foster

2nd Edition

0273651838, 978-0273651833

More Books

Students also viewed these Accounting questions