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Need answers ASAP 14. Working condition fringes include: a. The use of an employer-provided vehicle for business purposes. b. Professional organization dues paid by the
Need answers ASAP
14. Working condition fringes include: a. The use of an employer-provided vehicle for business purposes. b. Professional organization dues paid by the employer and the use of an employer- provided vehicle for business purposes. c. Bonus earned by the employee. d. Professional organization by the employer. 15. 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? a. Support test. b. Age test. c. Gross income test. d. Relationship test or member of household test. 16. The taxpayer's spouse died at the beginning of 2013. He has no qualifying child. Which status should the taxpayer select when filing his tax return for 2014? a. Married Filing Jointly. b. Single. c. Married Filing Separately. d, Qualifying Widow(er). 17. A taxpayer can deduct a(an) amount from AGI for each dependent a. Exemption b. Deduction c. Itemized d. Adjustment 18. A tax rate that increases as the tax base increases is an example of what kind of tax rate structure a. Regressive b. Progressive. c, Recessive. d. Proportional 19. The taxpayer must provide over of the qualifying relative's support to be able to claim a dependency exemption. a, 49% b. 75% c, 50% ed, 51% 20. With respect to the income tax formula, which of the following statements is correct? a. Certain deductions from income are permitted before calculating tax liability. b. Tax liability is determined by applying an appropriate tax rate to total income. c. Tax payments are ignored when calculating the tax refund or tax due with the return d. The simplified income tax formula is only applicable to taxpayers with taxable income less than $100,000 Step by Step Solution
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