Week 1 Taxation Quiz

Week 1 : national Tax Law and blemish - Homework ES 1. (TCO 1) Which, if any, of the succeeding(prenominal) evaluatees is progressive (rather than proportional)? (Points : 2) A citys call back off revenue on hotel occupancy100% taken January 8, 2011 at 5PM-7 PM Medicare component of FICA and FUTA Federal gas guzzler measure Value added valuatees no(prenominal) of the above 2. (TCO 1) Federal strike taxes that are no prolonged oblige include: (Points : 2) tax on the sale of jewelry and furs. tax on wagering. tax on telephone usage. tax on air travel. none of the above 3. (TCO 1) Federal tax formula loosely originates in what frame? (Points : 2) Internal Revenue Service Senate finance Committee put forward ways and Means Committee Senate floor none of the above 4. (TCO 8) advance income taxes generally depose be characterized by: (Points : 2) a overleap of withholding procedures. a contrasting date for filing than the national income tax. allowance of a entailment for federal income taxes paid. a discount rate (or a credit) for private and habituation exemptions. None of the above 5.

(TCO 8) During 2009, Devon had the following proceedings: Salary: $50,000 pursuit income on General Motors Corporation bonds: $1,000 hand from parents: $40,000 Contribution to tralatitious angriness: $2,000 Lottery winnings: $4,000 Devons AGI is: (Points : 2) $55,000. $54,000. $53,000. $52,000. None of the above 6. (TCO 8) In 2009, Barney had the following transactions: Salary: $70,000 Capital difference from a broth investing: ($4,000) Moving expense to trade jobs: ($10,000) Received quittance of an interest-free contribute he made to his companion in 2003: $5,000 airplane propeller taxes on personal star sign: $2,000 Barneys AGI is: (Points : 2) $55,000. $56,000....If you want to get a full essay, order it on our website: Ordercustompaper.com

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