Please see attachment file which is include tax questions.

Question 6 1 pts Enrique has a $10,000 tax deficiency on his prior year's tax return due to civil fraud. The amount of the penalty that could be impose is: a. 0 b. $750.00 c. $7,500.00 d. $10,000.00 e. Some other amount Flag this Question Question 7 1 pts Vladimir prepares a tax return for Oscar but does not keep a copy of the tax return. The amount of penalty that could be impose is: a. 0 b. $10.00 c. $15.00 d. $50.00 e. None of the above. Flag this Question Question 8 1 pts Priscilla, a self-employed accountant, prepares a tax return for Billy. She signs the return but does not include her Social Security number on the tax return as required. The amount of penalty that could be impose is: a. 0 b. $15.00 c. $25.00 d. $50.00 e. None of the above Flag this Question Question 9 1 pts Manny prepares a tax return for his client who requests that Manny disregard a current tax law which would increase his tax liability by $17,000. Manny agrees to do so since he does not want to lose this important client. The amount of penalty that could be impose is: a. 0 b. $1,000.00 c. $1,700.00 d. $17,000.00 e. None of the above Flag this Question Question 10 1 pts Jim has a house payment of $2,000 per month of which $1,800 is interest and real estate taxes with the remaining $200 representing a repayment of the principal balance of the note. Jim's marginal tax rate is 30 percent. What is Jim's after-tax cost of his home mortgage payment? $600.00 $540.00 $1,400.00 $1,460.00 Some other amount. Flag this Question Question 11 1 pts Patricia has taxable income of $40,000 on which she pays income tax of $6,671. If Patricia's taxable income increases by $2,000, she will pay an additional tax of $500. What is Patricia's marginal tax rate? a. 15.00% b. 16.86% c. 17.24% d. 25.00% e. None are correct. Flag this Question Question 12 1 pts Which of the following statements best describes the process of tax planning? Which of the following statements best describes the process of tax planning? b. Tax planning is the avoidance of "tax traps" c. Tax planning is the process of arranging one's financial affairs to minimize one's overall tax liability e. Tax planning is the calculation of a taxpayer's marginal rate of tax. Flag this Question Question 13 1 pts Linda filed her individual income tax return on its due date, but failed to pay $1,000 in taxes that were due with the return. Linda promptly paid the taxes upon receipt of a notice and demand for payment. If Linda pays the taxes exactly four months late, calculate the amount of her failure to pay penalty. a. $200.00 b. $1,000.00 c. $20.00 d. $100.00 e. $80.00 Flag this Question Question 14 1 pts Which of the following is a responsibility of a district director of the IRS? Developing IRS rules and regulations Advising the Treasury Dept on legislation Appellate procedures Intelligence operations None of the above. Flag this Question Question 15 1 pts Geoffrey filed his tax return two months and eight days late and had not requested an extension of time for filing. Geoffrey's return indicated that he is to receive a $600 refund in taxes. Calculate the amount of Geoffrey's penalty for failure to file his tax return on time, assuming the failure to file was not fraudulent is zero. a. 0 b. $25.00 c. $250.00 d. $100.00 e. None of the above. Flag this Question Question 16 1 pts Which of the following types of audits was suspended due to protests from taxpayers and lawmakers? a. Discriminant Function System selected audit b. Taxpayer Compliance Measurement Program selected audit c. Correspondence audit d. Office audit e. Field Audit Flag this Question Question 17 1 pts At which of the following IRS locations are tax returns processed? Regional offices Campus Processing sites District offices National Office None are correct. Flag this Question Question 18 1 pts Which of the following is not a type of IRS audit? a. Office audit b. Field audit c. Correspondence audit d. Operational audit e. All are types of IRS audits. Flag this Question Question 19 1 pts Which of the following is the normal type of audit for an individual taxpayer who conducts significant business activities? a. Office audit b. Telephone audit c. Correspondence audit d. Field audit e. None are correct. Flag this Question Question 20 1 pts The statute of limitations for the deduction of a worthless security is five years. True False Flag this Question Question 21 1 pts John filed his individual income tax return four and one-half months after it was due. He had not requested an extension of time for filing. Along with his return, John remitted a check for $1,000, which was the balance of the taxes he owed with his return. Disregarding interest, the total penalty that John will be required to pay, assuming the failure to file was not fraudulent is $25.00. True False Flag this Question Question 22 1 pts To get tax information a taxpayer should call the local office of the IRS. True False Flag this Question Question 23 1 pts The tax law contains a penalty for filing a "frivolous" tax return. True False Flag this Question Question 24 1 pts The tax law is administered by the Federal Trade Commission. True False Flag this Question Question 25 1 pts The IRS may issue a summons for a taxpayer's bank account records. True False Flag this Question Question 26 1 pts An "office audit" is an audit in which the revenue agent visits the taxpayer's office. True False Flag this Question Question 27 1 pts The Discriminant Function System is just designed to identify tax returns that may contain errors. True False Flag this Question Question 28 1 pts As a result of an IRS audit a taxpayer may be required to pay additional taxes, but he or she is never paid a refund. True False Flag this Question Question 29 1 pts If a taxpayer has too much income tax withheld from his salary during the tax year, the IRS will pay interest on the excess amount. True False Flag this Question Question 30 1 pts Tax penalties are considered to be additional taxes and are not deductible by taxpayers. True False Flag this Question Question 31 1 pts The statute of limitations for a tax return generally is three years. True False Flag this Question Question 32 1 pts Unless the taxpayer has been issued an administrative summons, the Internal Revenue Service cannot require the taxpayer to attend an audit interview. True False Flag this Question Question 33 1 pts Tax evasion involves the use of illegal methods to reduce or avoid income tax. True False Flag this Question Question 34 1 pts A "correspondence audit" by the IRS is conducted through the mail. A commercial tax preparer must be an enrolled agent. True False Which of the following will not extend the statute of limitations on a tax return? a. Omission of a significant amount of gross income b. Mutual consent of the IRS and the taxpayer c. Failure to pay the tax due with the tax return d. Failure to file a tax return e. Filing a fraudulent tax return Which of the following will not extend the statute of limitations on a tax return? a. Omission of a significant amount of gross income You Answered b. Mutual consent of the IRS and the taxpayer Correct Answer c. Failure to pay the tax due with the tax return d. Failure to file a tax return e. Filing a fraudulent tax return Question 4 1 / 1 pts Which of the following statements best describes the purpose of the Taxpayer Bill of Rights? To provide the Internal Revenue Service with additional enforcement powers To grant to taxpayers the right to choose the time and method of payment of delinquent taxes Correct! To inform taxpayers of their rights in dealing with the Internal Revenue Service To inform taxpayers of the methods for properly completing their income tax returns None are correct. Question 5 1 / 1 pts Drew writes a check for $300 in payment of his income taxes. Drew knows he does not have sufficient funds in his account to cover the check. The amount of the penalty that could be impose is: Correct! a. $25.00 b. $10.00 c. $15.00 d. $20.00 e. None of the above Question 6 1 / 1 pts Enrique has a $10,000 tax deficiency on his prior year's tax return due to civil fraud. The amount of the penalty that could be impose is: a. 0 b. $750.00 Correct! c. $7,500.00 d. $10,000.00 e. Some other amount Question 7 1 / 1 pts Vladimir prepares a tax return for Oscar but does not keep a copy of the tax return. The amount of penalty that could be impose is: a. 0 b. $10.00 c. $15.00 Correct! d. $50.00 e. None of the above. Question 8 0 / 1 pts Priscilla, a self-employed accountant, prepares a tax return for Billy. She signs the return but does not include her Social Security number on the tax return as required. The amount of penalty that could be impose is: a. 0 b. $15.00 You Answered c. $25.00 Correct Answer d. $50.00 e. None of the above Question 9 0 / 1 pts Manny prepares a tax return for his client who requests that Manny disregard a current tax law which would increase his tax liability by $17,000. Manny agrees to do so since he does not want to lose this important client. The amount of penalty that could be impose is: a. 0 Correct Answer b. $1,000.00 You Answered c. $1,700.00 d. $17,000.00 e. None of the above Question 10 0 / 1 pts Jim has a house payment of $2,000 per month of which $1,800 is interest and real estate taxes with the remaining $200 representing a repayment of the principal balance of the note. Jim's marginal tax rate is 30 percent. What is Jim's after-tax cost of his home mortgage payment? $600.00 $540.00 You Answered $1,400.00 Correct Answer $1,460.00 Some other amount. Question 11 1 / 1 pts Patricia has taxable income of $40,000 on which she pays income tax of $6,671. If Patricia's taxable income increases by $2,000, she will pay an additional tax of $500. What is Patricia's marginal tax rate? a. 15.00% b. 16.86% c. 17.24% Correct! d. 25.00% e. None are correct. Question 12 1 / 1 pts Which of the following statements best describes the process of tax planning? Which of the following statements best describes the process of tax planning? b. Tax planning is the avoidance of "tax traps" Correct! c. Tax planning is the process of arranging one's financial affairs to minimize one's overall tax liability e. Tax planning is the calculation of a taxpayer's marginal rate of tax. Question 13 0 / 1 pts Linda filed her individual income tax return on its due date, but failed to pay $1,000 in taxes that were due with the return. Linda promptly paid the taxes upon receipt of a notice and demand for payment. If Linda pays the taxes exactly four months late, calculate the amount of her failure to pay penalty. You Answered a. $200.00 b. $1,000.00 Correct Answer c. $20.00 d. $100.00 e. $80.00 Question 14 0 / 1 pts Which of the following is a responsibility of a district director of the IRS? You Answered Developing IRS rules and regulations Advising the Treasury Dept on legislation Appellate procedures Intelligence operations Correct Answer None of the above. Question 15 0 / 1 pts Geoffrey filed his tax return two months and eight days late and had not requested an extension of time for filing. Geoffrey's return indicated that he is to receive a $600 refund in taxes. Calculate the amount of Geoffrey's penalty for failure to file his tax return on time, assuming the failure to file was not fraudulent is zero. Correct Answer a. 0 b. $25.00 c. $250.00 d. $100.00 You Answered e. None of the above. Question 16 1 / 1 pts Which of the following types of audits was suspended due to protests from taxpayers and lawmakers? a. Discriminant Function System selected audit Correct! b. Taxpayer Compliance Measurement Program selected audit c. Correspondence audit d. Office audit e. Field Audit Question 17 1 / 1 pts At which of the following IRS locations are tax returns processed? Regional offices Correct! Campus Processing sites District offices National Office None are correct. Question 18 1 / 1 pts Which of the following is not a type of IRS audit? a. Office audit b. Field audit c. Correspondence audit Correct! d. Operational audit e. All are types of IRS audits. Question 19 1 / 1 pts Which of the following is the normal type of audit for an individual taxpayer who conducts significant business activities? a. Office audit b. Telephone audit c. Correspondence audit Correct! d. Field audit e. None are correct. Question 20 0 / 1 pts The statute of limitations for the deduction of a worthless security is five years. You Answered True Correct Answer False Question 21 1 / 1 pts John filed his individual income tax return four and one-half months after it was due. He had not requested an extension of time for filing. Along with his return, John remitted a check for $1,000, which was the balance of the taxes he owed with his return. Disregarding interest, the total penalty that John will be required to pay, assuming the failure to file was not fraudulent is $25.00. True Correct! False Question 22 0 / 1 pts To get tax information a taxpayer should call the local office of the IRS. Correct Answer True You Answered False Question 23 1 / 1 pts The tax law contains a penalty for filing a "frivolous" tax return. Correct! True False Question 24 1 / 1 pts The tax law is administered by the Federal Trade Commission. True Correct! False Question 25 1 / 1 pts The IRS may issue a summons for a taxpayer's bank account records. Correct! True False Question 26 0 / 1 pts An "office audit" is an audit in which the revenue agent visits the taxpayer's office. You Answered True Correct Answer False Question 27 1 / 1 pts The Discriminant Function System is just designed to identify tax returns that may contain errors. True Correct! False Question 28 0 / 1 pts As a result of an IRS audit a taxpayer may be required to pay additional taxes, but he or she is never paid a refund. You Answered True Correct Answer False Question 29 1 / 1 pts If a taxpayer has too much income tax withheld from his salary during the tax year, the IRS will pay interest on the excess amount. True Correct! False Question 30 0 / 1 pts Tax penalties are considered to be additional taxes and are not deductible by taxpayers. Correct Answer True You Answered False Question 31 0 / 1 pts The statute of limitations for a tax return generally is three years. Correct Answer True You Answered False Question 32 1 / 1 pts Unless the taxpayer has been issued an administrative summons, the Internal Revenue Service cannot require the taxpayer to attend an audit interview. Correct! True False Question 33 1 / 1 pts Tax evasion involves the use of illegal methods to reduce or avoid income tax. Correct! True False Question 34 1 / 1 pts A "correspondence audit" by the IRS is conducted through the mail. Correct! True False