Candidate: |
VICTORIA CROSS |
User Identifier 2: |
VICTORIAECROSS@AOL.COM |
User Identifier 3: |
NONE |
Quiz Title: |
Topic 32 - Obligations of Authorized IRS E-File Providers - Quiz |
Overall Result: |
PASS |
Overall Score: |
180/200 |
Percentage Score: |
90 |
Passing Percentage: |
70 |
Time Results Received: |
Apr 15, 07:11:36, 2011 |
Time Spent: |
00:26:16 |
Question Reference |
Answer |
Score |
Time |
Providers should be careful to ensure that all the informati |
c |
10 |
151.10s |
A fraudulent return is a return in which |
c |
10 |
95.84s |
The IRS has developed six new security and privacy standards |
a |
10 |
20.01s |
EROs may electronically image and store all paper records th |
d |
10 |
326.76s |
Standard 3 applies to Authorized IRS e-file Providers partic |
b |
10 |
25.35s |
The IRS reviews each firm or organization, Principal, and Re |
d |
10 |
7.86s |
Standard 1 applies to Authorized IRS e-file Providers partic |
c |
10 |
5.51s |
Providers must not use improper or misleading advertising in |
d |
10 |
8.53s |
The following is a method of signing individual income tax r |
d |
0 |
191.18s |
EROs may sign Forms 8879 and 8878 by rubber stamp, mechanica |
c |
10 |
146.23s |
The ERO must retain Forms 8879 and 8878 for ____________ fro |
b |
10 |
3.91s |
A preparer bank may subsequently endorse or negotiate a refu |
a |
10 |
55.41s |
Providers may base their fees on a percentage of the refund |
b |
10 |
8.97s |
Standard 4 applies to Authorized IRS e-file Providers partic |
d |
10 |
23.05s |
An Electronic Return Originator (ERO) originates the electro |
d |
10 |
405.45s |
An electronically filed return is not considered filed until |
a |
10 |
22.03s |
Principals and Responsible Officials must submit either Fing |
a |
10 |
12.33s |
A taxpayer can electronically file an individual income tax |
b |
10 |
49.02s |
This is an individual with authority over the Provider s IRS |
d |
0 |
10.30s |
The IRS conducts a suitability check on the applicant, and o |
d |
10 |
7.69s |
Candidate: |
VICTORIA CROSS |
User Identifier 2: |
VICTORIAECROSS@AOL.COM |
User Identifier 3: |
NONE |
Quiz Title: |
Topic 32 - Obligations of Authorized IRS E-File Providers - Assignment |
Overall Result: |
PASS |
Overall Score: |
160/200 |
Percentage Score: |
80 |
Passing Percentage: |
70 |
Time Results Received: |
Apr 15, 06:43:48, 2011 |
Time Spent: |
00:02:09 |
Question Reference |
Answer |
Score |
Time |
1 A firm authorized by the IRS to participate in IRS e-file |
d |
10 |
3.31s |
2 Filing state individual income tax returns electronically |
b |
10 |
3.77s |
3 Prior to submitting the IRS e-file Application to the IRS |
a |
10 |
4.96s |
4 This is an individual with authority over the Provider s |
d |
0 |
5.91s |
5 Each individual who is a Principal or Responsible Officia |
d |
10 |
3.21s |
6 The IRS conducts a suitability check on the applicant, an |
d |
10 |
5.60s |
7 The IRS reviews each firm or organization, Principal, and |
d |
10 |
6.44s |
8 Standard 1 applies to Authorized IRS e-file Providers par |
c |
10 |
6.82s |
9 Standard 2 applies to Authorized IRS e-file Providers par |
d |
10 |
1.85s |
10 System components means any network component, server |
b |
0 |
4.67s |
11 Standard 3 applies to Authorized IRS e-file Providers pa |
b |
10 |
8.70s |
12 Standard 4 applies to Authorized IRS e-file Providers pa |
d |
10 |
4.85s |
13 Standard 5, Public Domain Name Registration applies to A |
d |
10 |
5.37s |
14 Standard 6 applies to Authorized IRS e-file Providers pa |
b |
10 |
5.28s |
15 The following statement is a true statement regarding di |
a |
10 |
5.67s |
16 The following is a method of signing individual income t |
d |
0 |
28.52s |
17 The ERO must retain Forms 8879 and 8878 for ____________ |
b |
10 |
3.77s |
18 EROs must not electronically file individual income tax |
c |
10 |
5.61s |
19 EROs must retain the following material until the end of |
d |
10 |
9.10s |
20 Providers must not use improper or misleading advertisin |
|
0 |
5.89s |
Candidate: |
VICTORIA CROSS |
User Identifier 2: |
VICTORIAECROSS@AOL.COM |
User Identifier 3: |
NONE |
Quiz Title: |
Topic 22 - Investment Income and Expenses - Quiz |
Overall Result: |
FAIL |
Overall Score: |
130/200 |
Percentage Score: |
65 |
Passing Percentage: |
70 |
Time Results Received: |
Apr 15, 05:35:43, 2011 |
Time Spent: |
00:27:31 |
Question Reference |
Answer |
Score |
Time |
If you received ordinary dividends that are in your name but |
d |
0 |
31.20s |
In 2009, your father gave you a gift of property with a fair |
d |
0 |
634.44s |
You must attach Schedule B (or Schedule 1 for Form 1040A) to |
c |
10 |
4.44s |
In determining the tax treatment of different types of inter |
d |
10 |
7.28s |
Robert sold his Lebec Corporation stock to his sister Karen |
b |
0 |
39.08s |
Common kinds of distributions by a corporation to shareholde |
d |
10 |
73.64s |
If you sold or traded investment property, you must determin |
d |
10 |
49.55s |
This amount of interest that would be payable for that perio |
b |
10 |
164.06s |
Stock dividends are distributions made by a corporation of i |
a |
0 |
136.22s |
If you make a below-market gift or demand loan, you |
b |
10 |
75.80s |
Arnold acquired 10 shares of Klesco, Inc stock in 2005 for |
c |
10 |
21.80s |
You will be subject to a penalty if, when required, you fail |
a |
0 |
11.74s |
Warren purchased stock in 2007 for $10,000 In 2008 Warren s |
b |
10 |
38.84s |
If you hold investment property less than 1 year, any capita |
b |
10 |
11.81s |
Sandra sold her Lavender Corporation stock to her mother Bet |
d |
0 |
51.82s |
You open a savings account at your local bank and deposit $8 |
a |
0 |
118.33s |
In 2004, Ralph received 10 shares of White Corporation stock |
b |
10 |
12.73s |
An investment that yields tax benefits with losses that prod |
b |
10 |
105.07s |
Which of the following is an example of nonqualified preferr |
d |
10 |
10.79s |
Series I bonds were first offered in 1998 These are inflati |
c |
10 |
52.44s |
Candidate: |
VICTORIA CROSS |
User Identifier 2: |
VICTORIAECROSS@AOL.COM |
User Identifier 3: |
NONE |
Quiz Title: |
Topic 22 - Investment Income and Expenses - Assignment |
Overall Result: |
FAIL |
Overall Score: |
130/200 |
Percentage Score: |
65 |
Passing Percentage: |
70 |
Time Results Received: |
Apr 15, 05:06:28, 2011 |
Time Spent: |
00:04:41 |
Question Reference |
Answer |
Score |
Time |
1 Look at the Form 1040 you prepared for Raul Beltrán What |
a |
0 |
4.45s |
2 Look at the Form 1040 you prepared for Raul Beltran What |
d |
0 |
4.83s |
3 Common kinds of distributions by a corporation to shareho |
d |
10 |
151.66s |
4 Edwards owns 5 of the 1,000 outstanding shares of Wasco, |
d |
10 |
26.90s |
5 In 2004, Ralph received 10 shares of White Corporation st |
b |
10 |
3.05s |
6 In 2005, Mark purchased 100 shares of Roman, Inc for $10 |
c |
0 |
5.04s |
7 The basis of property you buy is usually its cost In det |
d |
10 |
2.69s |
8 Warren purchased stock in 2007 for $10,000 In 2008 Warre |
b |
10 |
3.61s |
9 Arnold acquired 10 shares of Klesco, Inc stock in 2005 f |
c |
10 |
3.33s |
10 Sandra sold her Lavender Corporation stock to her mother |
b |
0 |
2.92s |
11 Wargo Corporation has two equal shareholders, Karen and |
b |
10 |
8.50s |
12 Which of the following is an example of nonqualified pre |
d |
10 |
3.83s |
13 Karen transferred property with an adjusted basis of $45 |
c |
0 |
3.37s |
14 Robert sold his Lebec Corporation stock to his sister Ka |
b |
0 |
7.93s |
15 Frank sold his Ranier Corporation stock to his sister Be |
d |
10 |
3.17s |
16 You must attach Schedule B (or Schedule 1 for Form 1040A |
c |
10 |
4.75s |
17 You must give your name and ____________to any person re |
a |
10 |
3.96s |
18 You will be subject to a penalty if, when required, you |
a |
0 |
21.46s |
19 Your investment income is subject to 28% backup withhold |
d |
10 |
9.84s |
20 In determining the tax treatment of different types of i |
d |
10 |
6.69s |