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Tax Questions and Problems

Total questions: 43

Worksheet time: 43mins

Name
Class
Date
1.

Partnership income is reported on:

a)

Form 1040

b)

Form 1120

c)

Form 1040X

d)

Form 1065

2.

Which of the following is a deduction for adjusted gross income?

a)

Educator Expense

b)

Medical expenses

c)

Personal casualty losses

d)

Charitable contributions

e)

All of the above

3.

Ben is a single taxpayer who is 32 years old. What is the minimum amount of income that he must have to be required to file a tax return?

a)

$8,950

b)

$5,450

c)

$14,600

d)

$10,000

e)

None of the above

4.

Lyn, age 65, and Robert, age 66, are married and support Lyn’s father (no taxable income) and Robert’s mother, who has $2,200 of gross income. If they file a joint return, how many exemptions may Lyn and Robert claim?

a)

2

b)

3

c)

4

d)

5

e)

6

5.

Arthur is 65 years old. He supports his father, who is 90 years old, blind and has no income. How many personal exemptions should Arthur claim on his tax return?

(a)  

6.

Taxpayers who are 65 or older get the benefit of:

a)

An additional exemption

b)

An additional amount added to their standard deduction

c)

An additional amount added to their itemized deductions

d)

None of the above

7.

Determine from the tax table the amount of the income tax for Allen, who is Single with a taxable income of $21,000.

(a)  

8.

Determine from the tax table the amount of the income tax for Boyd, who is MFS with a taxable income of $24,545.

(a)  

9.

Determine from the tax table the amount of the income tax for Caldwell, who is MFJ with a taxable income of $35,784.

(a)  

10.

Determine from the tax table the amount of the income tax for Dell, who is HOH with a taxable income of $27,450.

(a)  

11.

Determine from the tax table the amount of the income tax for Evans, who is Single with a taxable income of $45,000.

(a)  

12.

Determine from the tax table the amount of the income tax for Melissa, who is HOH with a taxable income of $86,543.

(a)  

13.

Indicate whether welfare payments would be included (I) in or excluded (E) from gross income.

a)

E (excluded)

b)

I (included)

14.

Indicate whether hobby income would be included (I) in or excluded (E) from gross income.

a)

I (included)

b)

E (excluded)

15.

Indicate whether insurance proceeds from an accident would be included (I) in or excluded (E) from gross income.

a)

E (excluded)

b)

I (included)

16.

Indicate whether child support would be included (I) in or excluded (E) from gross income.

a)

E (excluded)

b)

I (included)

17.

Indicate whether Alimony would be included (I) in or excluded (E) from gross income.

a)

E (excluded)

b)

I (included)

18.

Indicate whether Dividends would be included (I) in or excluded (E) from gross income.

a)

E (excluded)

b)

I (included)

19.

Indicate whether Credit Card Debt forgiven would be included (I) in or excluded (E) from gross income.

a)

E (excluded)

b)

I (included)

20.

Indicate whether worker's compensation would be included (I) in or excluded (E) from gross income.

a)

E (excluded)

b)

I (included)

21.

Indicate whether Royalties would be included (I) in or excluded (E) from gross income.

a)

E (excluded)

b)

I (included)

22.

Indicate whether Income from self-employment would be included (I) in or excluded (E) from gross income.

a)

E (excluded)

b)

I (included)

23.

Indicate, in each of the following situations, the number of exemptions the taxpayers are entitled to claim: (personal or dependency) Donna, a 20 year-old single taxpayer, supports her mother, who lives in her own home. Her mother has income of $1,350. Donna provided more than half of her mother’s support.

(a)  

24.

Indicate, in each of the following situations, the number of exemptions the taxpayers are entitled to claim: (personal or dependency) William, age 43, and Mary, age 45, are married and support William’s 19 year old sister, who is not a student. The sister’s income from a part time job is $4,650 and lived with them all year.

(a)  

25.

Indicate, in each of the following situations, the number of exemptions the taxpayers are entitled to claim: (personal or dependency) Devi was divorced in 2025 and receives child support of $250 per month from her ex-husband for the support of her 8 year old son. John who lives with her. Devi is 43 and provides more than half of her son’s support.

(a)  

26.

Indicate, in each of the following situations, the number of exemptions the taxpayers are entitled to claim: (personal or dependency) Wendell, 89 year old single taxpayer, supports his son, who is 67 years old and mentally disabled and earns no income.

(a)  

27.

Indicate, in each of the following situations, the number of exemptions the taxpayers are entitled to claim: (personal or dependency) Wilma, age 65, and Morris, age 66 are married. They file a joint return.

(a)  

28.

Indicate in each of the following situations the amount of standard deduction the taxpayers should claim on their tax return: Kelly and Glenn are married with one dependent child. They file a joint return, are in good health, and both are under the age of 65.

(a)  

29.

Indicate in each of the following situations the amount of standard deduction the taxpayers should claim on their tax return: Fran is 24 years old, in good health and single.

(a)  

30.

Curt and Linda were married on December 31 of the current year. What would be their filing status?

a)

Single

b)

Qualifying Widow (er)

c)

Head of Household

d)

Married, filing jointly

e)

None of the above

31.

Minnie is single, with a dependent child age 15 living in her home. What would be her filing status?

a)

Single

b)

Qualifying Widow (er)

c)

Head of Household

d)

Married, filing jointly

e)

None of the above

32.

The taxpayer’s wife died 3 years ago. He has no dependents and has not remarried. What would be his filing status?

a)

Single

b)

Qualifying Widow (er)

c)

Head of Household

d)

Married, filing jointly

e)

None of the above

33.

Helen is single and has interest income of $18,750. Is she required to file a tax return?

a)

Yes, she is required to file a tax return.

b)

No, she is not required to file a tax return.

34.

Joan is a single college student who is claimed as a dependent by her parents. She earned $1,550 from a part time job and has $1,250 in interest income. Is she required to file a tax return?

a)

Yes, she is required to file a tax return.

b)

No, she is not required to file a tax return.

35.

Leslie, 64, and Mark, 66 are married and file a joint return. They received $22,550 from wages. Are they required to file a tax return?

a)

Yes, she is required to file a tax return.

b)

No, she is not required to file a tax return.

36.

Ray, 60, and Jean, 57, are married file a joint return. They received $12,550 from wages and $700 from a side business. Are they required to file a tax return?

a)

Yes, she is required to file a tax return.

b)

No, she is not required to file a tax return.

37.

Harry, 19 is a single taxpayer, had net earnings from self-employment of $4,550. Is he required to file a tax return?

a)

Yes, she is required to file a tax return.

b)

No, she is not required to file a tax return.

38.

Samantha waits tables in La Jolla Restaurant. Samantha received $2,800 in unreported tips and owes social security taxes on these tips. Her total income for the year is $4,300. Is she required to file a tax return?

a)

Yes, she is required to file a tax return.

b)

No, she is not required to file a tax return.

39.

Internet users can sign on to http://www.irs.gov and

a)

Download tax forms and publications

b)

Find links to other useful IRS pages

c)

Use a search function to find forms and publications

d)

All of the above

40.

Amended returns are file on:

a)

Form 1040PR

b)

Form 1040X

c)

Form 1065

d)

Form 1041

41.

A taxpayer who itemizes deductions would use which of the following schedules or forms:

a)

Form 1040X

b)

Schedule B

c)

Schedule A

d)

Form 1040 EZ

42.

A taxpayer who has income from a farm would use which of the following schedules or forms:

a)

Schedule B

b)

Schedule A

c)

Schedule F

d)

Form 1040 EZ

43.

A taxpayer who has income from rental property would use which of the following schedules or forms:

(a)