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Multiple Choice Quiz
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1.
A head of household taxpayer with a dependent child had wages of $45,700. Which is the simplest form this person can file?
A)1040ES
B)1040
C)1040EZ
D)1040A
2.
The taxpayer's spouse died at the beginning of 2006. She has a qualifying child. Which status should the taxpayer select when filing her tax return for 2006?
A)Married Filing Jointly
B)Single
C)Head of Household
D)Qualifying Widow(er)
3.
On December 31, 2006, a taxpayer received the notification that he was legally divorced. However, he lived with his spouse for 9 months during 2006. He has no dependent children. What status should he select when filing his tax return for 2006?
A)Head of Household
B)Single
C)Married Filing Jointly
D)Married Filing Separately
4.
What is the total amount of personal exemptions a taxpayer and spouse can claim for 2006?
A)$6,200
B)$6,300
C)$6,500
D)$6,600
5.
Christopher, who is 20 years old and a full time student, is claimed by his parent as a dependent. In 2006, he earned $4,500. What is the amount of personal exemption that he can claim on his tax return?
A)$0
B)$3,100
C)$3,300
D)$4,500
6.
A qualifying child must meet three general tests and five specific tests. Which of the following is not part of the three general tests?
A)Joint return test
B)Support test
C)Dependent taxpayer test
D)Citizen or resident test
7.
A qualifying relative must meet three general tests and four specific tests. Which of the following is part of the four specific tests?
A)Gross income test
B)Age test
C)Citizen or resident test
D)Residency test
8.
A qualifying relative must earn less than $_____ for the year 2006.
A)$5,150
B)$5,000
C)$3,300
D)$3,200
9.
The basic standard deduction in 2006 for a single taxpayer who is 67 years old and not blind is:
A)$5,150
B)$6,150
C)$6,400
D)$7,550
10.
The basic standard deduction in 2006 for a Head of Household taxpayer who is 43 years old and not blind is:
A)$8,800
B)$7,550
C)$6,150
D)$5,150
11.
For a single taxpayer, personal and dependency exemptions are lost when AGI exceeds:
A)$150,500
B)$174,125
C)$188,150
D)$273,000
12.
What is the upper limit for social security in 2006?
A)$100,000
B)$94,200
C)$90,000
D)$84,200
13.
The tax liability for a married couple with taxable income of $142,315 is:
A)$24,040
B)$28,696
C)$29,255
D)$39,851
14.
The tax liability for a single taxpayer with taxable income of $58,440 is:
A)$8,386
B)$8,764
C)$11,164
D)$14,606
15.
The IRS can impose a ________ penalty on the tax due on a return when there is negligence.
A)5%
B)20%
C)25%
D)75%





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