Candidate: |
VICTORIA CROSS |
User Identifier 2: |
victoriaecross@aol.com |
User Identifier 3: |
NONE |
Quiz Title: |
Topic 7 - Tax Deductions for Interest Expense - Assignment |
Overall Result: |
PASS |
Overall Score: |
150/200 |
Percentage Score: |
75 |
Passing Percentage: |
70 |
Time Results Received: |
Jan 11, 19:50:48, 2011 |
Time Spent: |
00:03:07 |
Question Reference |
Answer |
Score |
Time |
1 Look at the Form 1040 you prepared for Nicolai What is t |
b |
0 |
15.60s |
2 Look at the Form 1040 you prepared for Nicolai What is t |
a |
0 |
7.49s |
3 If you do not meet the tests to fully deduct points in th |
d |
10 |
45.31s |
4 Generally, points you pay to refinance a mortgage are not |
b |
10 |
30.88s |
5 Guillermo and Laura sold their home on May 7 Through Apr |
c |
10 |
3.12s |
6 If you sell your home, you can deduct your home mortgage |
b |
10 |
4.96s |
7 You can deduct all of the interest on mortgages you took |
a |
10 |
5.59s |
8 If your adjusted gross income is more than $166,800 ($83, |
a |
10 |
5.71s |
9 As a general rule, Form 1098 will include only points tha |
a |
10 |
4.98s |
10 You can treat amounts you paid during 2009 for qualified |
a |
0 |
4.84s |
11 You can treat amounts you paid during the 2009 year for |
d |
10 |
6.33s |
12 You cannot claim the credit for a home purchased after N |
d |
0 |
5.30s |
13 You can exclude from gross income any discharges of qual |
a |
10 |
5.18s |
14 Most state and local governments charge an annual tax on |
d |
10 |
9.92s |
15 You can deduct as home mortgage interest a late payment |
b |
10 |
2.34s |
16 If you make annual or periodic rental payments on a rede |
d |
10 |
4.05s |
17 If you refinance the mortgage with the same lender, you |
c |
10 |
5.00s |
18 If you receive a refund of mortgage interest you overpai |
d |
0 |
6.16s |
19 You may be eligible for a credit if you were issued a mo |
b |
10 |
7.66s |
20 If your mortgage loan amount is equal to (or smaller tha |
a |
10 |
6.87s |
Candidate: |
Victoria Cross |
User Identifier 2: |
victoriaecross@aol.com |
User Identifier 3: |
NONE |
Quiz Title: |
Topic 7 - Tax Deductions for Interest Expense - Assignment |
Overall Result: |
FAIL |
Overall Score: |
120/200 |
Percentage Score: |
60 |
Passing Percentage: |
70 |
Time Results Received: |
Dec 30, 14:39:22, 2010 |
Time Spent: |
00:02:14 |
Question Reference |
Answer |
Score |
Time |
1 Look at the Form 1040 you prepared for Nicolai What is t |
b |
0 |
6.75s |
2 Look at the Form 1040 you prepared for Nicolai What is t |
a |
0 |
4.51s |
3 If you do not meet the tests to fully deduct points in th |
d |
10 |
4.91s |
4 Generally, points you pay to refinance a mortgage are not |
b |
10 |
4.85s |
5 Guillermo and Laura sold their home on May 7 Through Apr |
c |
10 |
5.37s |
6 If you sell your home, you can deduct your home mortgage |
b |
10 |
5.06s |
7 You can deduct all of the interest on mortgages you took |
a |
10 |
6.15s |
8 If your adjusted gross income is more than $166,800 ($83, |
a |
10 |
3.65s |
9 As a general rule, Form 1098 will include only points tha |
a |
10 |
4.02s |
10 You can treat amounts you paid during 2009 for qualified |
a |
0 |
4.32s |
11 You can treat amounts you paid during the 2009 year for |
d |
10 |
5.89s |
12 You cannot claim the credit for a home purchased after N |
d |
0 |
4.83s |
13 You can exclude from gross income any discharges of qual |
a |
10 |
3.60s |
14 Most state and local governments charge an annual tax on |
d |
10 |
5.16s |
15 You can deduct as home mortgage interest a late payment |
a |
0 |
19.27s |
16 If you make annual or periodic rental payments on a rede |
d |
10 |
14.69s |
17 If you refinance the mortgage with the same lender, you |
c |
10 |
16.66s |
18 If you receive a refund of mortgage interest you overpai |
c |
0 |
2.73s |
19 You may be eligible for a credit if you were issued a mo |
d |
0 |
5.01s |
20 If your mortgage loan amount is equal to (or smaller tha |
b |
0 |
7.16s |
Candidate: |
Victoria Cross |
User Identifier 2: |
victoriaecross@aol.com |
User Identifier 3: |
NONE |
Quiz Title: |
Tax Topic 6 - Deductions for Taxes - Assignment |
Overall Result: |
PASS |
Overall Score: |
140/200 |
Percentage Score: |
70 |
Passing Percentage: |
70 |
Time Results Received: |
Dec 30, 08:03:30, 2010 |
Time Spent: |
00:02:18 |
Question Reference |
Answer |
Score |
Time |
1 Look at the Form 1040 you prepared for Juan Carlos What |
d |
0 |
45.58s |
2 Look at the Form 1040 you prepared for Juan Carlos What |
c |
10 |
5.21s |
3 You can choose whether to take the amount of any qualifie |
b |
10 |
3.81s |
4 Even if you claim a credit for other foreign taxes, you c |
a |
0 |
4.43s |
5 The foreign tax credit is intended to relieve you of a do |
d |
0 |
5.46s |
6 You can claim the credit for a qualified foreign tax in t |
a |
10 |
9.61s |
7 If you receive all or part of your income or pay some or |
c |
10 |
4.79s |
8 A foreign tax redetermination is any change is your forei |
a |
10 |
5.95s |
9 The source of a foreign tax reimbursement fringe benefit |
a |
10 |
5.10s |
10 You can deduct a limited amount of state and local sales |
a |
10 |
2.48s |
11 An Indian tribal government that is recognized by the Se |
c |
10 |
5.61s |
12 As an employee, you can deduct mandatory contributions t |
b |
10 |
4.71s |
13 These are taxes imposed by a foreign country or any of i |
a |
10 |
3.88s |
14 Generally, you can deduct only taxes that are |
d |
10 |
4.62s |
15 Generally, you can deduct property taxes |
a |
10 |
7.55s |
16 If you are a cash basis taxpayer, you can deduct |
c |
10 |
3.92s |
17 You cannot deduct state and local income taxes you paid |
a |
10 |
3.45s |
18 Lola made an estimated state income tax payment The est |
d |
0 |
4.14s |
19 You can deduct any part of a refund of a prior year stat |
c |
0 |
4.36s |
20 If you and your spouse file joint state and local return |
a |
0 |
4.13s |