Tax functions that accounting and finance professionals may assist clients with include

all but the following:

a. Tax compliance.

b. Tax planning.

c. Cash management to ensure timely payment of taxes.

d. Tax evasion

The Hutters filed a joi

nt return for 2018. They provide more than 50% of the support

of Carla, Ellie, and Aaron. Carla (age 18) is a cousin and earns $2,800 from a part

-

time

job. Ellie (age 25) is their daughter and is a full

-

time law student. She received a $7,500

scholarship f

or tuition from her law school. Aaron is a brother who is a citizen of Israel

but resides in France. Carla and Ellie live with the Hutters. How many dependents can

the Hutters claim?

a. None

b. One

c. Two

d. Three

Regarding the rules applicable to filing of income tax returns, which, if any, of the

following is an

incorrect

statement:

a.

Married persons who file joint returns cannot later (after the due date of the return)

substitute separate returns.

b.

Married pers

ons who file separate returns can later (after the due date of the return)

substitute a joint return.

c.

The usual test as to when a taxpayer must file a return is based on the total of the

following: personal exemption + basic standard deduction + both additional standard

deductions.

d.

Special filing requirement rules exist for taxpayers who are claimed as d

ependents of

another.

e.

None of these.