Questions Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans One requirement for claiming a dependent other than a qualifying child is that the taxpayer provides more than 50 percent of the dependent’s support (assuming it is not a multiple support agreement situation) 635 viewsDarshita Changed status to publish July 26, 2020 0 Votes 1 Ans An individual may not qualify for the dependency exemption as a qualifying child but may still qualify as a dependent. 617 viewsDarshita Changed status to publish July 26, 2020 0 Votes 1 Ans During December of the current year, James Company acquired some of the 49,800 outstanding shares of the common stock, par $16, of Andrew Corporation as available-for-sale investments. The accounting period for both companies …. 844 viewsDarshita Changed status to publish July 26, 2020 0 Votes 1 Ans For purposes of the dependency exemption, a qualifying child must be under age 19, a full-time student under age 24, or a permanently and totally disabled child. 597 viewsDarshita Changed status to publish July 26, 2020 0 Votes 1 Ans A qualifying child of the taxpayer must meet the gross income test 629 viewsDarshita Changed status to publish July 26, 2020 0 Votes 1 Ans An individual who is claimed as a dependent by another person is not entitled to a personal exemption on his or her own return. 639 viewsDarshita Changed status to publish July 26, 2020 0 Votes 1 Ans A stock has a beta of 1.26, the expected return on the market is 9 percent, and the risk-free rate is 4 percent. What must the expected return on this stock be? 699 viewsDarshita Changed status to publish July 26, 2020 0 Votes 1 Ans The standard deduction may not be claimed by one married taxpayer filing a separate return if the other spouse itemizes deductions. 625 viewsDarshita Changed status to publish July 26, 2020 0 Votes 1 Ans Nonresident aliens are allowed a full standard deduction. 643 viewsDarshita Changed status to publish July 26, 2020 0 Votes 1 Ans You own a stock portfolio invested 30 percent in Stock Q, 25 percent in Stock R, 25 percent in Stock S, and 20 percent in Stock T. The betas for these four stocks are .95, 1.12, 1.13, and 1.30, respectively. What is the portfolio beta 945 viewsDarshita Changed status to publish July 26, 2020 0 Votes 1 Ans Nonrefundable tax credits are allowed to reduce or totally eliminate a taxpayer’s tax liability but may not reduce the liability below zero. 671 viewsDarshita Changed status to publish July 26, 2020 0 Votes 1 Ans Refundable tax credits are allowed to reduce or totally eliminate a taxpayer’s tax liability but may not reduce the liability below zero. 676 viewsDarshita Changed status to publish July 26, 2020 0 Votes 1 Ans Taxpayers have the choice of claiming either the personal and dependency exemption or the standard deduction. 608 viewsDarshita Changed status to publish July 26, 2020 0 Votes 1 Ans Generally, itemized deductions are personal expenses specifically allowed by the tax law. 581 viewsDarshita Changed status to publish July 26, 2020 0 Votes 1 Ans Generally, deductions for (not from) adjusted gross income are personal expenses specifically allowed by tax law 602 viewsDarshita Changed status to publish July 26, 2020 0 Votes 1 Ans Although exclusions are usually not reported on an individual’s income tax return, interest income on state and local government bonds must be reported on the tax return. 610 viewsDarshita Changed status to publish July 26, 2020 0 Votes 1 Ans What are the portfolio weights for a portfolio that has 156 shares of Stock A that sell for $45 per share and 130 shares of Stock B that sell for $30 per share 1.20K viewsDarshita Changed status to publish July 26, 2020 0 Votes 1 Ans Gross income is income from whatever source derived less exclusions 709 viewsDarshita Changed status to publish July 26, 2020 0 Votes 1 Ans Penagos Corporation is presently making part Z43 that is used in one of its products. A total of 5,000 units of this part are produced and used every year. The company’s Accounting Department reports the following costs of………. 1.55K viewsDarshita Changed status to publish July 26, 2020 0 Votes 1 Ans Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds of oysters in August. The company’s flexible budget for August appears below: 1.59K viewsDarshita Changed status to publish July 25, 2020 « Previous 1 2 … 8 9 10 11 12 … 128 129 Next »
