H2U . Heading 2 1 Normal No Spact Heading 1 Paragraph Styles 11 --The IRS can impose a penalty on any portion of understatement of tax that is attributable to fraud. Multiple Choice 25% 75% . 50% 59 21 ELLE HE | . . Normal 1 No Spaci... Heading 1 Heading 2 Title Subtitle Paragraph Styles 10-_-John forgot to file his tax return by April 15. He did not file an extension. John finally filed his tax return on June 30 and had a remaining tax liability of $1,500. What is John's failure to file penalty? Assume he made all his payments on time. Multiple Choice $375. $225. $233 $300 Review View 5.EE 21 T . Title Normal Heading 2 T No Spaci... Heading 1 Styles Paragraph 9.--.-- What is the amount of the tax liability for a single person having taxabl- income of $59,2002 (All answers should be rounded to the nearest dollar.) Us the appropriate Tax Tables and Tax Rate Schedules, Multiple Choice $7.468 $8.5 $8,888 $7.107 o e BUS 150 Quize #2 - Microsoft Word Review View E RS 2. I . . 4 1 Normal 11 No Spaci... Heading 1 Heading 2 Title Paragraph Styles 8.-----What is the amount of the tax liability for a married couple filing jointly, having taxable income of $153,500? (All answers should be rounded to the nearest dollar. Use the appropriate Tax Tables and Tax Rate Schedules. Multiple Choice $31.015, $29.504. $23.025, $25.437. o BUS 150 Quizze #2 - Microsoft Word Review View 21 . A 11 Normal 1 No Spaci... Heading 1 Heading 2 Title Paragraph Styles 7----The basic standard deduction in 2019 for a taxpayer, 67 and not blind, filing head of household is: Multiple Choice $24.400 $20.000 $12.2002 c $18.350 8-----What is the amount of the tax liability for a married couple filing jointly, e w BUS 150 e 02 - Microsoft Word Mailings Review View As Title Subtitle . . A Normal No Spact Heading! Heading 2 Su Paragraph Styles 6-----Which of the following items would not be considered as support for a dependency exemption? Multiple Choice medical insurance premiums food clothing life insurance premiums o E e BUS 150 2 - Microsoft Word Review View -A- . . Normal 1 No Spac... Heading 1 Heading 2 Styles Title Subtitle Subtle Im.. Paragraph 5----To be a qualifying relative, the taxpayer must meet three general tests and four specific tests. Which one is not part of the four specific tests? Multiple Choice Relationship.test or member of household.test. Age test Support test Gross income test o SH E e AO ENG BUS 150 Quizze #2 - Microsoft Word Review View EEN - 21 T Normal 11 No Spaci... Heading 1 Heading 2 Title Paragraph Styles 4-----To be a qualifying child, the taxpayer must meet three general tests and five specific tests. Which one is not part of the five specific tests? Multiple Choice Gross income test Relationship.test. Residency test c Special test for qualifying child of more than one taxpayer. 5...-To be a qualifying relative the taxpayer must meet three general tests and four specific tests. Which one is not part of the four specific tests? Multiple Choice Review View EEE 2 | . 1 Normal 1 No Spaci... Heading 1 Heading 2 Subt Paragraph Styles 3---For tax purposes, marital status is determined as of the the year. . Multiple Choice day of first third last None of these w BUS 150 m2 - Microsoft Word Mailings Review View . . 1 Normal s No Spach. Heading 1 Title Subtitle Subtle Em Heading 2 Styles Paragraph 2---The taxpayer's spouse died at the beginning of 2018. He has no qualifying child. Which status should the taxpayer select when filing his tax return for 2019? Multiple Choice Single. Marie Filing Separately. Mattied FitingJointly. Qualitying Widowice 100% o BE E e w View E. 21 | Title 1 Normal Heading 2 11 No Spaci... Heading 1 Styles Paragraph 1.-.-A 36-year-old taxpayer with a dependent child and claiming head of household status has received $29,000 in alimony payments and earned wages of $44,000. Which Schedule is this person required to file? Multiple Choice Schedule 1. Schedule 2 Schedule 3. The taxpayer is not required to file a schedule 2--The taxpayer's spouse died at the beginning of 2018. He has no qualifying CH e w H2U . Heading 2 1 Normal No Spact Heading 1 Paragraph Styles 11 --The IRS can impose a penalty on any portion of understatement of tax that is attributable to fraud. Multiple Choice 25% 75% . 50% 59 21 ELLE HE | . . Normal 1 No Spaci... Heading 1 Heading 2 Title Subtitle Paragraph Styles 10-_-John forgot to file his tax return by April 15. He did not file an extension. John finally filed his tax return on June 30 and had a remaining tax liability of $1,500. What is John's failure to file penalty? Assume he made all his payments on time. Multiple Choice $375. $225. $233 $300 Review View 5.EE 21 T . Title Normal Heading 2 T No Spaci... Heading 1 Styles Paragraph 9.--.-- What is the amount of the tax liability for a single person having taxabl- income of $59,2002 (All answers should be rounded to the nearest dollar.) Us the appropriate Tax Tables and Tax Rate Schedules, Multiple Choice $7.468 $8.5 $8,888 $7.107 o e BUS 150 Quize #2 - Microsoft Word Review View E RS 2. I . . 4 1 Normal 11 No Spaci... Heading 1 Heading 2 Title Paragraph Styles 8.-----What is the amount of the tax liability for a married couple filing jointly, having taxable income of $153,500? (All answers should be rounded to the nearest dollar. Use the appropriate Tax Tables and Tax Rate Schedules. Multiple Choice $31.015, $29.504. $23.025, $25.437. o BUS 150 Quizze #2 - Microsoft Word Review View 21 . A 11 Normal 1 No Spaci... Heading 1 Heading 2 Title Paragraph Styles 7----The basic standard deduction in 2019 for a taxpayer, 67 and not blind, filing head of household is: Multiple Choice $24.400 $20.000 $12.2002 c $18.350 8-----What is the amount of the tax liability for a married couple filing jointly, e w BUS 150 e 02 - Microsoft Word Mailings Review View As Title Subtitle . . A Normal No Spact Heading! Heading 2 Su Paragraph Styles 6-----Which of the following items would not be considered as support for a dependency exemption? Multiple Choice medical insurance premiums food clothing life insurance premiums o E e BUS 150 2 - Microsoft Word Review View -A- . . Normal 1 No Spac... Heading 1 Heading 2 Styles Title Subtitle Subtle Im.. Paragraph 5----To be a qualifying relative, the taxpayer must meet three general tests and four specific tests. Which one is not part of the four specific tests? Multiple Choice Relationship.test or member of household.test. Age test Support test Gross income test o SH E e AO ENG BUS 150 Quizze #2 - Microsoft Word Review View EEN - 21 T Normal 11 No Spaci... Heading 1 Heading 2 Title Paragraph Styles 4-----To be a qualifying child, the taxpayer must meet three general tests and five specific tests. Which one is not part of the five specific tests? Multiple Choice Gross income test Relationship.test. Residency test c Special test for qualifying child of more than one taxpayer. 5...-To be a qualifying relative the taxpayer must meet three general tests and four specific tests. Which one is not part of the four specific tests? Multiple Choice Review View EEE 2 | . 1 Normal 1 No Spaci... Heading 1 Heading 2 Subt Paragraph Styles 3---For tax purposes, marital status is determined as of the the year. . Multiple Choice day of first third last None of these w BUS 150 m2 - Microsoft Word Mailings Review View . . 1 Normal s No Spach. Heading 1 Title Subtitle Subtle Em Heading 2 Styles Paragraph 2---The taxpayer's spouse died at the beginning of 2018. He has no qualifying child. Which status should the taxpayer select when filing his tax return for 2019? Multiple Choice Single. Marie Filing Separately. Mattied FitingJointly. Qualitying Widowice 100% o BE E e w View E. 21 | Title 1 Normal Heading 2 11 No Spaci... Heading 1 Styles Paragraph 1.-.-A 36-year-old taxpayer with a dependent child and claiming head of household status has received $29,000 in alimony payments and earned wages of $44,000. Which Schedule is this person required to file? Multiple Choice Schedule 1. Schedule 2 Schedule 3. The taxpayer is not required to file a schedule 2--The taxpayer's spouse died at the beginning of 2018. He has no qualifying CH e w