Candidate: |
VICTORIA CROSS |
User Identifier 2: |
VICTORIAECROSS@AOL.COM |
User Identifier 3: |
NONE |
Quiz Title: |
Topic 23 - Residential Rental Income and Expenses - Assignment |
Overall Result: |
FAIL |
Overall Score: |
130/200 |
Percentage Score: |
65 |
Passing Percentage: |
70 |
Time Results Received: |
Mar 26, 05:03:55, 2011 |
Time Spent: |
00:01:39 |
Question Reference |
Answer |
Score |
Time |
20 You must decrease the basis of your property by any item |
d |
10 |
3.07s |
19 Beth and Donnie purchased a house to use as rental prope |
b |
0 |
12.03s |
18 Peter owned a cottage on the lake that he bought in 2008 |
a |
0 |
3.39s |
17 Which of the following is not rental income in the year |
d |
0 |
6.71s |
16 Mike owns a four-family apartment building and actively |
b |
10 |
3.90s |
15 Income received by an individual from the rental (not in |
b |
10 |
4.25s |
14 Repainting your property inside and out and fixing leaks |
a |
0 |
5.66s |
13 You use a dwelling unit as a home during the tax year if |
c |
10 |
4.85s |
12 Although you cannot deduct depreciation or insurance for |
c |
10 |
4.60s |
11 If you changed your home or other property (or part of i |
a |
10 |
4.55s |
10 If you do not rent your property to make a profit, you c |
c |
10 |
7.41s |
9 You can deduct the ordinary and necessary expenses of tra |
d |
10 |
5.05s |
8 Expenses you can deduct from your rental income does not |
d |
10 |
4.81s |
7 You can begin to depreciate rental property when it is |
c |
10 |
4.49s |
6 You can deduct your ordinary and necessary expenses for _ |
d |
10 |
2.18s |
5 If you rent property that you also use as your home and y |
b |
0 |
3.62s |
4 Include this in your rental income in the year you receiv |
d |
0 |
6.54s |
3 Michael wants to convert his personal residence to a rent |
c |
10 |
3.82s |
2 Look at the Form 1040 you prepared for Teresa Ownesal Wh |
c |
10 |
3.42s |
1 Look at the Form 1040 you prepared for Teresa Ownesal Wh |
c |
0 |
5.38s |
Candidate: |
VICTORIA CROSS |
User Identifier 2: |
VICTORIAECROSS@AOL.COM |
User Identifier 3: |
NONE |
Quiz Title: |
Topic 19 - Self-Employment Income and Tax - Quiz |
Overall Result: |
PASS |
Overall Score: |
130/150 |
Percentage Score: |
86 |
Passing Percentage: |
70 |
Time Results Received: |
Mar 19, 10:13:55, 2011 |
Time Spent: |
00:07:04 |
Question Reference |
Answer |
Score |
Time |
You are a self-employed lawyer You perform legal services f |
d |
0 |
71.11s |
Self-employment tax (SE tax) is a Social security and Medica |
c |
10 |
21.97s |
If you are self employed as a sole proprietor or are an empl |
b |
10 |
24.48s |
You can generally deduct as a business expense all interest |
d |
10 |
32.19s |
In regards to the credit for Employer-Provided Childcare fac |
d |
10 |
44.23s |
If there is a connection between any income you receive and |
a |
10 |
32.95s |
If you and you spouse jointly own and operate an unincorpora |
d |
0 |
26.33s |
A calendar year is 12 consecutive months beginning January 1 |
d |
10 |
21.19s |
You use the cash method of accounting You receive a valid c |
a |
10 |
28.92s |
Luck and Charm Partnership provides consulting services to t |
d |
10 |
25.44s |
If you make or buy goods to sell, you can deduct the cost of |
d |
10 |
20.85s |
Hahn Company, a calendar year taxpayer operating as a sole p |
a |
10 |
28.55s |
The Investment Credit is: |
c |
10 |
12.91s |
Under this method of accounting, you include income in gross |
b |
10 |
21.41s |
If you have employees, you will need to file forms to report |
d |
10 |
12.29s |
Candidate: |
VICTORIA CROSS |
User Identifier 2: |
VICTORIAECROSS@AOL.COM |
User Identifier 3: |
NONE |
Quiz Title: |
Topic 19 - Self-Employment Income and Tax - Assignment |
Overall Result: |
PASS |
Overall Score: |
140/200 |
Percentage Score: |
70 |
Passing Percentage: |
70 |
Time Results Received: |
Mar 19, 10:04:44, 2011 |
Time Spent: |
00:01:54 |
Question Reference |
Answer |
Score |
Time |
1 Look at the Form 1040 you prepared for Olive Brown What |
c |
10 |
12.23s |
2 Look at the Form 1040 you prepared for Olive Brown What |
c |
10 |
2.46s |
3 Which of the following amounts should be included as inco |
b |
0 |
6.87s |
4 In regards to the credit for Employer-Provided Childcare |
d |
10 |
3.86s |
5 Paul owns and operates a gourmet food store as a sole pro |
c |
0 |
8.90s |
6 Which of the following earnings is not subject to self-em |
c |
10 |
3.89s |
7 Hahn Company, a calendar year taxpayer operating as a sol |
a |
10 |
5.79s |
8 John has three employees who are certified as members of |
c |
0 |
5.24s |
9 Rob and George own an office building that was built in 1 |
a |
10 |
3.48s |
10 Ryan runs a manufacturing business employing several peo |
d |
10 |
5.38s |
11 The Investment Credit is: |
c |
10 |
7.80s |
12 In 2009, Santergraph, Inc remodeled and converted a por |
c |
10 |
4.61s |
13 Maude has a small business that has a profit of $15,000 |
c |
0 |
6.99s |
14 In 2009, Animor, a self-employed business man, has prepa |
b |
10 |
2.92s |
15 Luck and Charm Partnership provides consulting services |
d |
10 |
6.87s |
16 The taxpayer earned $1,000 in interest in 2007 Taxpayer |
b |
0 |
3.25s |
17 Dawn meets the requirements for deducting expenses for t |
a |
0 |
10.99s |
18 Mary, a seamstress, made loans of $5,000 and $1,000 to B |
b |
10 |
7.27s |
19 The FE Partnership spent $100,000 on eligible access ex |
a |
10 |
2.55s |
20 You generally must file an income tax return for the yea |
b |
10 |
2.92s |
Candidate: |
VICTORIA CROSS |
User Identifier 2: |
VICTORIAECROSS@AOL.COM |
User Identifier 3: |
NONE |
Quiz Title: |
Tax Topic 24 - Property Sales - Assignment |
Overall Result: |
FAIL |
Overall Score: |
80/200 |
Percentage Score: |
40 |
Passing Percentage: |
70 |
Time Results Received: |
Mar 19, 07:43:55, 2011 |
Time Spent: |
00:04:44 |
Question Reference |
Answer |
Score |
Time |
20 The total basis for all properties qualifying for nontax |
c |
10 |
64.33s |
19 Jenny transferred a factory building with an adjusted ba |
c |
0 |
31.64s |
18 Pietro transfers property worth $50,000 to Vino, Inc an |
a |
0 |
4.34s |
17 John was one of five incorporators of Builders, Inc Eac |
d |
10 |
5.20s |
16 Sally s business office was condemned to make way for an |
c |
10 |
32.31s |
15 In 2009, Jason sold a business lot to his son Adam for $ |
c |
0 |
54.50s |
14 In 2009, Clarence sold his business backhoe for $65,000 |
d |
0 |
4.23s |
13 Arthur is a proprietor of Arthur s Pizza Emporium He bo |
a |
10 |
4.58s |
12 The Post and Rail Partnership traded a piece of farm lan |
d |
0 |
7.14s |
11 The Sprinkly and Meato Partnership bought investment pro |
c |
0 |
12.23s |
10 The Andee Partnership traded its panel truck with an adj |
a |
0 |
4.56s |
9 In 2005, you purchased a candy making machine for your bu |
c |
0 |
5.27s |
8 Kayla exchanged her unimproved land with an adjusted basi |
b |
0 |
5.62s |
7 Walter is an accrual basis taxpayer who has a business wi |
b |
0 |
6.28s |
6 Which of the following does not qualify as a nontaxable e |
b |
0 |
12.79s |
5 Special rules apply to like kind exchanges between relate |
a |
10 |
7.08s |
4 Which of the following transactions qualifies as a like-k |
c |
10 |
6.39s |
3 Larry owned 35 shares of Flower Corporation stock for whi |
a |
0 |
5.49s |
2 Which of the following transactions is NOT a transaction |
c |
10 |
5.77s |
1 Which of the following property exchanges does NOT qualif |
b |
10 |
4.32s |