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Tax Kahoot Questions
Terms in this set (15)
Qualified dividends are taxed at
a lower rate
Qualifying child tests include all EXCEPT:
gross income test
Joan's husband died yr. 1. She lives with her baby daughter. What is her filing status yr. 4?
Head of Household
The standard deduction is different depending on
Surviving spouse status:
is the same tax rate schedule as MFJ and if qualify, must use instead of head of household
T/F: An unrelated person can be "qualified person" for head of household status.
Hillary is a cash-basis calendar year taxpayer. She receives a check on 12/28. Which is true?
She is taxed in the year she receives the check.
Dave asks his customers to make their checks payable to his son. Who does the tax on the money?
Mary got a $200 state tax refund. Her itemized deductions exceeded the standard deduction by $500.
All of her refund is taxable
Sue divorced in 2018. She transfers %500 from joint investments and pays $24k/yr to her ex.
The ex is taxed on the $24k
What is the maximum amount of Social Security benefits that can be taxable.
85% of AGI
Fred and Wilma sold their home for $750k. They paid $200k 20 years ago when they moved in. What os the taxable gain?
Taxable gain is $50k?
Irene's husband died and she recited $250k in insurance process, and inherited stock $5000.
Nothing is taxable.
Bob won lawsuit and got $5k for medical bills and $50k in punitive damages. How much will Bob owe on his taxes?
Bob will owe taxes on $50k
John's employer loaned him $5k at 0% interest when he federal rate was 5%.
None of these answers are correct.
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