Week 1 Taxation Quiz

Week 1 : national Tax Law and edge - Homework ES 1. (TCO 1) Which, if any, of the succeeding(prenominal) evaluatees is progressive (rather than proportional)? (Points : 2) A citys vocal off value on hotel occupancy100% taken January 8, 2011 at 5PM-7 PM Medicare percentage of FICA and FUTA Federal gas gulper evaluate Value added revenue enhancementes no(prenominal) of the above 2. (TCO 1) Federal chafe taxes that are no seven-day oblige include: (Points : 2) tax on the sale of jewellery and furs. tax on wagering. tax on telephone usage. tax on air travel. none of the above 3. (TCO 1) Federal tax legislating loosely originates in what embody? (Points : 2) Internal Revenue Service Senate pay Committee put forward shipway and Means Committee Senate floor no(prenominal) of the above 4. (TCO 8) estate income taxes generally depose be characterized by: (Points : 2) a leave out of withholding procedures. a divergent date for filing than the federal income tax. allowance of a discount for federal income taxes paid. a conclusion (or a credit) for private and colony exemptions. None of the above 5.

(TCO 8) During 2009, Devon had the following proceeding: Salary: $50,000 pursuit income on General Motors Corporation bonds: $1,000 face from parents: $40,000 Contribution to tralatitious ira: $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 proceeding: Salary: $70,000 Capital injury from a broth enthronement: ($4,000) Moving expense to flip jobs: ($10,000) Received quittance of an interest-free lend he made to his chum salmon in 2003: $5,000 airplane propellor taxes on personal dormitory: $2,000 Barneys AGI is: (Points : 2) $55,000. $56,000....If you want to get a full essay, order it on our website: Orderessay

If you want to get a full information about our service, visit our page: How it works.