ACCT 324 Week 1 Quiz Federal Tax Law and Process

This file of ACCT 324 Week 1 Quiz Federal Tax Law and Process comprehends:

1. Question : (TCO 1) Which, if any, of the following would tend to decrease the ad valorem tax on real estate?
2. Question : (TCO 1) Characteristics of a national sales tax include:
3. Question : (TCO 1) Which statement is FALSE with respect to tax treaties
4. Question : (TCO 8) State income taxes generally can be characterized by:
5. Question : (TCO 8) Which, if any, of the following items is a deduction for AGI?
6. Question : (TCO 8) In 2011, Barney had the following transactions:
Salary: $70,000
Capital loss from a stock investment: ($4,000)
Moving expense to change jobs: ($10,000)
Received repayment of an interest-free loan he made to his brother in 2003: $5,000
Property taxes on personal residence: $2,000
Barney’s AGI is:
7. Question : (TCO 8) Which, if any, of the following statements does NOT correctly describe the “kiddie tax”?
8. Question : (TCO 9) What are pitfalls in interpreting the Internal Revenue Code?
9. Question : (TCO 11) Which of the following indicates that a decision has precedential value for future cases?
10. Question : (TCO 12) Which of the following is characteristic of the IRS audit procedure?

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Answer:

  • **** 324 **** 1 Quiz ******* *** *** *** *******
    Attached: ACCT-324-Week-1-Quiz-Federal-Tax-Law-and-Process.zip

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