Question
This weeks diagnostic quizzes didn't go too bad, and I was actually very pleased with my scores. For Study Unit 7, I scored a 95%,
This weeks diagnostic quizzes didn't go too bad, and I was actually very pleased with my scores. For Study Unit 7, I scored a 95%, only missing 1 question. Deductions and adjustments from AGI is pretty much what most of my current job consists of, besides deferred tax assets and liabilities, we do book to tax adjustments to se what's deductible on our returns, so I believe I have a decent grasp with this, but will continue to study and watch the lecture videos for the adaptive quiz. For study Unit 8, I scored an 80%. I need some improvement on tax credits. I have a pretty god understanding of deductions, but I could definitely learn more about credits, as so many of the individual returns have them. I will watch the lecture videos and study the outline before the adaptive quiz. Lastly, for Study Unit 9, I scored a 79%. I need to do a little more work on depreciation and amortization, as well as capital gains and losses. Basis I understood pretty well, but I will make sure that I read about depreciation methods being discussed, and how they re applied in the scenarios. We have a software at work that runs depreciation reports for us, and then it's our job to make sure it's working correctly. It just comes down to knowing what types of properties are treated accordingly.
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