Question: After looking at lines A through J of TAXPAYER A's Schedule C for his IRS 1040, you notice that line C is blank. Is there any legal advice that you would offer to TAXPAYER A? (A Schedule C is attached to the end of this exam.) 11. Put your answer on the ANSWER SHEET........ Question: In what Title of the United States Code, will a taxpayer find the IRC? 12. Put your answer on the ANSWER SHEET....... Question: For taxes purposes, every asset has four attributes. List them. 13. 14. 15. 16. Put your answer on the ANSWER SHEET........ Put your answer on the ANSWER SHEET... Put your answer on the ANSWER SHEET........ Put your answer on the ANSWER SHEET........ Question: For tax purposes, before income is reflected on your return, it must satisfy three steps. List those three steps in the proper order. 17. 18. 19. Put your answer on the ANSWER SHEET.... Put your answer on the ANSWER SHEET....... Put your answer on the ANSWER SHEET........ Question: In what section of the IRC will a taxpayer find a definition of "gross income"? 20. Put your answer on the ANSWER SHEET......... Question: For a taxpayer to have gross income, he or she must first have "income" from whatever source derived. A U.S. Supreme Court case provides a definition for the word "income". What is the name of that Supreme Court case? 21. Put your answer on the ANSWER SHEET....... Question: The U.S. Supreme Court case that you cited in Question #21 provides three factors that a taxpayer must satisfy to have "income". What are those three factors? 22. 23. 24. Put your answer on the ANSWER SHEET.... Put your answer on the ANSWER SHEET...... Put your answer on the ANSWER SHEET.... Question: A taxpayer has consummated a "sale or other disposition of property". What IRC section governs the taxation of the taxpayer's sale or other disposition of his or her property? 25. Put your answer on the ANSWER SHEET......