|
Hera's Income
Tax School
www.herasincometaxschool.com
1-877-300-6837
Encourage others to
learn
taxes with our Tax School.
Welcome!
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Student Name: |
kenneth nichols |
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Address: |
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City, State, Zip: |
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Email: |
kennymac925@gmail.com |
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Phone No.: |
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CTEC No. : |
A237526 |
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PTIN: |
PO1470894 |
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Oregon No. : |
NA |
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EA No.: |
NA |
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Course Type: |
Continuing Education |
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How Many
Hours? |
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Assign. Score |
Exam Score |
Completed Date |
Results
File |
Comments |
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Tax Updates 2019 |
3 |
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B+ |
C |
10/18/18 |
Please scroll down for results |
Excellent! |
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Tax Law 2018 |
10 |
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B- |
C- |
1/10/19 |
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Excellent! |
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Tax Ethics 2018 |
2 |
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A- |
B |
1/06/19 |
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Excellent! |
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California Specific 2018 |
5 |
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C- |
C+ |
1/06/19 |
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Excellent! |
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Total Hours: |
20 |
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Print Certificate |
18137 |
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IRS Notified |
12/31/18 |
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Current GPA: |
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CTEC Notified |
12/31/18 |
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Cumulative GPA: |
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Oregon |
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Honor Roll List? |
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EA |
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Results 2018/2019:
Tracker -> 2018 Federal Tax
Law Final Exam -> Transcript (Kenneth Nichols)
Summary Report
| Candidate: |
Kenneth Nichols |
| User Identifier 2: |
kennymac925@gmail.com |
| User Identifier 3: |
a23756 |
| User Identifier 4: |
po1470894 |
| User Identifier 5: |
ghiabella925 |
| Quiz Title: |
2018 Federal Tax Law
Final Exam |
| Overall Result: |
PASS |
| Overall Score: |
350/500 |
| Percentage Score: |
70 |
| Passing Percentage: |
70 |
| Time Results Received: |
Jan 9, 13:23:34, 2019 |
| Time Spent: |
00:31:21 |
Question Breakdown
| Question Reference |
Answer |
Score |
Time |
| Question You must also
consider the time when you make certain expens
|
D. It would not matter
as long as the expenses are made from |
0 |
73.20s |
| Question Starting in
2018, as it relates to listed property, each yea
|
C. The lesser of A or
B above. |
10 |
27.59s |
| Question In 2018, if
you are entitled to a lump-sum distribution from
|
Asking your employer
to make a direct rollover of your |
10 |
18.76s |
| Question For 2018, a
report on Foreign Bank and Financial Accounts, g
|
A. Exceeds $10,000. |
10 |
19.93s |
| Question For 2018,
under the new Tax Cuts and Jobs Act, the three cap
|
C. Applied to 20% of
the total income level. |
0 |
35.74s |
| Question The new
deduction for pass-through businesses was created by
|
D. All of the above. |
10 |
29.90s |
| Question For 2018, a
mandatory ______ withholding rate applies to eli
|
B. 20 percent |
10 |
30.84s |
| Question The Earned
Income Tax Credit remains unchanged under the new
|
B. Take into account
adjustments for information. |
10 |
38.04s |
| Question For 2018, to
be able to deduct 50% of your meals as a busine
|
B. Ordinary and
necessary in carrying on your trade or |
10 |
21.93s |
| Question If you expect
your 2018 tax liability to be ________ or more
|
A. $1,000. |
10 |
16.83s |
| Question There are
things you must consider in your ability to deduct
|
B. The interest on
home equity loans will no longer be |
0 |
34.19s |
| Question The Tax Cuts
and Jobs Act did not make any changes to the IR
|
D. Any of the above. |
10 |
25.87s |
| Question There is a
penalty for receiving an excessive claim for refu
|
D. 50 percent. |
0 |
19.95s |
| Question You must keep
records in 2018 to substantiate your tax retur
|
D. Any of the above. |
10 |
23.33s |
| Question To further
illustrate, you bought 5,000 shares of XYZ Corp
|
B. You have no
qualified dividends from XYZ Corporation |
10 |
374.24s |
| Question For 2018, if
you are required to file an FBAR and fail to do
|
B. $10,000. |
10 |
191.69s |
| Question If you are
single and receive $25,000 is Social Security ben
|
C. Zero |
10 |
90.40s |
| Question Estimated tax
is the method used to pay Social Security and
|
B. Form 1040-ES |
10 |
16.08s |
| Question For 2018,
there are many things you can do to keep good reco
|
D. Any of the above. |
10 |
11.73s |
| Question For 2018, the
personal exemption which is normally adjusted
|
B. $0 |
10 |
8.10s |
| Question The rules for
employer-operated eating facilities remain at
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D. All of the above. |
10 |
20.57s |
| Question In 2018 this
end of January date was January 29, 2018 In 20
|
B. Emancipation Day. |
10 |
23.29s |
| Question If you are
married, you can only take an additional standard
|
C. $3,200 |
10 |
94.94s |
| Question For 2018, the
529 plans have been expanded under the new Tax
|
A. This has been known
under the name 529 college savings |
10 |
33.26s |
| Question For some
eligible property with longer production periods, t
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D. Any of the above. |
0 |
15.28s |
| Question The new Tax
Cuts and Jobs Act expenses that are still deduct
|
D. None, the TCJA tax
reform has completely suspended this |
0 |
15.65s |
| Question In 2018, you
generally must report sales and other dispositi
|
C. Form 8949. |
10 |
11.66s |
| Question The highest
2018 tax rate is |
C. 37 percent. |
10 |
9.11s |
| Question You can try
to figure out what to do about making sure the I
|
C. Both A and B above. |
10 |
29.79s |
| Question The older or
blind individuals will continue to receive an a
|
B. $1,800 for 2018. |
0 |
36.60s |
| Question For 2018, you
would deduct a percentage of these expenses -
|
A. Standard method. |
10 |
20.59s |
| Question You are
allowed to contribute and deduct up to 60% of your A
|
A. $21,000 |
10 |
18.91s |
| Question You may
contribute to a dependent care FSA if you expect to
|
C. The lesser of your
or your spouse's earning or |
10 |
18.39s |
| Question For 2018, you
must prove or be ready to prove that you have
|
C. Being an expert at
what you do or having staff that is. |
0 |
36.09s |
| Question You may claim
on Form 8863 a Lifetime Learning credit of up
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B. $2,000 |
10 |
12.53s |
| Question For 2018, the
CDCTC or child care dependent tax credit allow
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A. If therefore if
there is no tax to cancel, there is no |
10 |
38.89s |
| Question For 2018, you
are required to report information about asset
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C. $10,000. |
0 |
10.64s |
| Question Business
income is any income received from the sale of your
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C. Security deposits
and loans. |
10 |
26.77s |
| Question For 2018,
expenses that would normally have nothing to do wi
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B. 100 percent. |
10 |
21.30s |
| Question For 2018,
unemployment benefits are fully taxable and the be
|
C. Form 1099-G. |
10 |
12.52s |
| Question Under the new
Tax Cuts and Jobs Act, a qualified 2016 disas
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A. 10 percent. |
10 |
13.14s |
| Question For 2018, the
maximum allowed depreciation expenses for pass
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D. $100,000
limitation. |
0 |
25.71s |
| Question Under the new
tax law, Starting in 2018 the qualifying prope
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D. Any of the above. |
10 |
17.70s |
| Question Practically
everything you received for your work or service
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D. All of the above. |
10 |
21.06s |
| Question For 2018, the
simplified method at arriving at your deductib
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D. $2,000. |
0 |
23.73s |
| Question When a
taxpayer dies, his standard deduction is what it woul
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B. $13,600 |
0 |
24.25s |
| Question For 2018, if
we have $10,000 hobby income and $10,000 hobby
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C. $0 |
0 |
26.01s |
| Question You can
request an automatic extension of time to file a 201
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C. Form 4868. |
10 |
11.01s |
| Question The
suspension of unreimbursed employee business deductions
|
B. The hobby losses
will not be able to be deducted beyond |
0 |
43.75s |
| Question Starting in
2018, a taxpayer would not be allowed to claim a
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A. Will incur a
penalty if it does not provide a written |
0 |
34.88s |
Technical Record
| System Language: |
en-US |
| Operating System: |
Win32 |
| Screen Resolution: |
1920x1080 |
| Client IP: |
98.210.82.67 |
| Client Time: |
Wed Jan 09 2019
12:51:57 GMT-0800 (Pacific Standard Time) |
| Version: |
Mozilla/5.0 (Windows
NT 6.1; Win64; x64) AppleWebKit/537.36 (KHTML, like
Gecko) Chrome/71. |
| Source URL: |
https://herasincometaxschool.com/relawfinal/ |
|
Tracker -> 2018 Tax Law Review
Questions -> Transcript (Kenneth Nichols)
Summary Report
| Candidate: |
Kenneth Nichols |
| User Identifier 2: |
kennymac925@gmail.com |
| User Identifier 4: |
po1470894 |
| User Identifier 5: |
ghiabella925 |
| Quiz Title: |
2018 Tax Law Review
Questions |
| Overall Result: |
PASS |
| Overall Score: |
250/300 |
| Percentage Score: |
83 |
| Passing Percentage: |
70 |
| Time Results Received: |
Jan 9, 12:50:54, 2019 |
| Time Spent: |
00:23:46 |
Question Breakdown
| Question Reference |
Answer |
Score |
Time |
| Question 1 The results
compared to previous results give us informat
|
A. Rising prices. |
10 |
447.25s |
| Question 2 Practically
everything you received for your work or serv
|
D. All of the above. |
10 |
16.06s |
| Question 3 In 2018,
there are penalties for not filing a required F
|
C. Both A or B above. |
10 |
20.12s |
| Question 4 For 2018,
Schedule B Part III is where you report a finan
|
D. Any of the above. |
10 |
22.05s |
| Question 5 You can try
to figure out what to do about making sure th
|
C. Both A and B above. |
10 |
58.88s |
| Question 6 What are
the types of calculation methods for claiming of
|
C. Either A or B
above. |
10 |
63.52s |
| Question 7 Individuals
always challenge the constitutionality of tax
|
C. Both A and B above. |
10 |
73.61s |
| Question 8 In 2018 or
any tax year, you should supply the taxing age
|
D. All of the above. |
0 |
23.75s |
| Question 9 The
Internal Revenue Service will use the 2018 tax return
|
D. All of the above. |
10 |
26.21s |
| Question 10 To
determine if you must file a tax return for 2018, you
|
C. Both A and B above. |
10 |
48.36s |
| Question 11 Even if
you are not required to file a tax return for 20
|
A. If you had income
tax withheld from your pay. |
0 |
16.53s |
| Question 12 You may be
able to include your child s interest and div
|
D. Any of the above. |
10 |
19.49s |
| Question 13 You may
have to file a tax return for 2018 even if your
|
D. Only A and B above. |
10 |
28.57s |
| Question 14 The head
of household filing status has more requirement
|
A. To have supported a
home for your dependent for more than |
10 |
25.58s |
| Question 15 If you do
not itemize deductions, you are entitled to a
|
B. January 2, 1954 |
10 |
45.48s |
| Question 16 Once you
are married in 2018, you can file as |
B. Married Filing
Separately. |
10 |
34.47s |
| Question 17 You will
most likely be obligated to file a 2018 tax ret
|
D. Any of the above. |
10 |
15.36s |
| Question 18 For 2018,
the new tax law will now use the _______ which
|
D. CPI-W |
0 |
25.84s |
| Question 19 For 2018,
the new tax law treatment of alimony payments
|
C. Either A or B
above. |
10 |
33.98s |
| Question 20 In 2018,
the due diligence requirement that has always b
|
D. All of the above. |
10 |
14.05s |
| Question 21 If you don
t show proper due diligence on how you qualif
|
A. The IRS will impose
a $520 penalty for each failure. |
10 |
9.66s |
| Question 22 For 2018,
it is important that you be aware that you can
|
A. You can claim the
child tax credit. |
0 |
64.35s |
| Question 23 For 2018,
foreigners who are individuals should apply fo
|
B. No longer needs to
attach a copy of your tax return when |
10 |
30.55s |
| Question 24 If you
were married on or before December 31, 2018, you
|
C. You can be
considered unmarried for 2018. |
10 |
58.33s |
| Question 25 If you
were married at the end of 2018, even if you did
|
A. It is always your
legal right to file your tax return |
10 |
35.35s |
| Question 26 If you
obtain a court decree of annulment in 2018, which
|
D. All of the above. |
10 |
23.70s |
| Question 27 For 2018,
the following is a stipulation that determines
|
B. You are known in
the community as holding a relationship |
10 |
36.61s |
| Question 28
Unreimbursed employee business expenses, such as job tra
|
C. Does not affect the
office in the home deduction. |
0 |
43.82s |
| Question 29 The kiddie
tax will most likely apply until the year the
|
D. All of the above. |
10 |
27.19s |
| Question 30 Business
expenses are those charges that you incur in ca
|
D. 100% deductible. |
10 |
17.57s |
Technical Record
| System Language: |
en-US |
| Operating System: |
Win32 |
| Screen Resolution: |
1920x1080 |
| Client IP: |
98.210.82.67 |
| Client Time: |
Wed Jan 09 2019
12:26:18 GMT-0800 (Pacific Standard Time) |
| Version: |
Mozilla/5.0 (Windows
NT 6.1; Win64; x64) AppleWebKit/537.36 (KHTML, like
Gecko) Chrome/71. |
| Source URL: |
https://herasincometaxschool.com/18taxlawreview/ |
|
Tracker -> 2019 Ethics Review
Questions -> Transcript (Kenneth Nichols)
Summary Report
| Candidate: |
Kenneth Nichols |
| User Identifier 2: |
kennymac925@gmail.com |
| User Identifier 3: |
a23756 |
| User Identifier 4: |
po1470894 |
| User
Identifier 5: |
ghiabella925 |
| Quiz Title: |
2019 Ethics Review
Questions |
| Overall Result: |
PASS |
| Overall Score: |
90/100 |
| Percentage Score: |
90 |
| Passing Percentage: |
70 |
| Time Results Received: |
Jan 4, 17:45:04, 2019 |
| Time Spent: |
00:04:49 |
Question Breakdown
| Question Reference |
Answer |
Score |
Time |
| Question 1 To reduce
your risk of identity theft for 2018, you need
|
D. All of the above. |
10 |
14.58s |
| Question 2 You should
probably modify your interview packets to incl
|
B. Will show due
diligence. |
0 |
73.29s |
| Question 3 In 2018,
anytime an ERO enters the taxpayer s PIN on the
|
A. Must be signed by
the taxpayer. |
10 |
19.61s |
| Question 4 For 2018,
the following is a true statement regarding pra
|
A. The practitioner
must use reasonable efforts to identify |
10 |
20.35s |
| Question 5 To qualify
for continuing tax education credit for an enr
|
D. All of the above. |
10 |
16.05s |
| Question 6 With
respect to any matter administered by the Internal R
|
D. None of the above. |
10 |
16.22s |
| Question 7 Tax
advisors should provide clients with the highest qual
|
C. Establishing the
facts, determining which facts are |
10 |
40.12s |
| Question 8 Being
convicted of any criminal offense under the revenue
|
D. Considered
disreputable conduct. |
10 |
22.42s |
| Question 9 Subject to
certain limitations, an individual who is not
|
D. Any of the above. |
10 |
9.33s |
| Question 10 A durable
power of attorney is a power of attorney which
|
B. Specifies that the
appointment of the attorney-in-fact |
10 |
50.79s |
Technical Record
| System Language: |
en-US |
| Operating System: |
Win32 |
| Screen Resolution: |
1920x1080 |
| Client IP: |
98.210.82.67 |
| Client Time: |
Fri Jan 04 2019
17:40:01 GMT-0800 (Pacific Standard Time) |
| Version: |
Mozilla/5.0 (Windows
NT 6.1; Win64; x64) AppleWebKit/537.36 (KHTML, like
Gecko) Chrome/71. |
| Source URL: |
https://herasincometaxschool.com/18ethicsreview/ |
|
Tracker -> 2019 Tax Ethics
Final -> Transcript (Kenneth Nichols)
Summary Report
| Candidate: |
Kenneth Nichols |
| User Identifier 2: |
kennymac925@gmail.com |
| User Identifier 3: |
a23756 |
| User Identifier 4: |
po1470894 |
| User Identifier 5: |
ghiabella925 |
| Quiz Title: |
2019 Tax Ethics Final
|
| Overall Result: |
PASS |
| Overall Score: |
170/200 |
| Percentage Score: |
85 |
| Passing Percentage: |
70 |
| Time Results Received: |
Jan 4, 18:00:05, 2019 |
| Time Spent: |
00:08:46 |
Question Breakdown
| Question Reference |
Answer |
Score |
Time |
| Question You need to
answer the questions covering EITC eligibility o
|
C. Form 8867 |
10 |
31.38s |
| Question For 2018, you
must complete and submit _________ for all pap
|
A. Form 8867. |
10 |
31.99s |
| Question Filing
electronically allows you to receive your refund much
|
A. 3 weeks. |
10 |
25.86s |
| Question The new thing
this time around is that an individual applyin
|
B. Form W-7 |
10 |
33.75s |
| Question The IRS can
only allow so much abuse and may start sending L
|
A. $520 for each
missing form. |
10 |
37.72s |
| Question Tax
preparation is your profession and you should always fol
|
D. Any of the above. |
10 |
33.03s |
| Question Your client
may need to file Form 8862 in 2018 and may be ba
|
A. Next 10 years. |
10 |
13.34s |
| Question You as a tax
professional are defined under the FTC as a fin
|
D. All of the above. |
10 |
14.46s |
| Question The director
of the Office of Professional Responsibility mu
|
C. 90 days |
0 |
32.16s |
| Question Starting in
2018, you can represent taxpayers if you are |
D. Any of the above. |
10 |
10.59s |
| Question You must go
into your PTIN account and sign the ____________
|
B. Circular 230
Consent statement. |
10 |
13.58s |
| Question Under IRC
section 6692(g), the new tax law Tax Cuts and Jobs
|
B. $520 for each
failure. |
10 |
23.80s |
| Question The IRS has
identified ___________ as a key indicator of pot
|
A. Questionable Forms
W-2 |
10 |
23.17s |
| Question Providers
must never put their address in fields reserved fo
|
C. Form 8453. |
10 |
20.13s |
| Question A ________
may be imposed, per I R C §6695(f), on a return
|
A. $1,500 penalty. |
0 |
18.13s |
| Question The taxpayer
who is issued an ITIN is usually not eligible t
|
A. These people are
usually not eligible for an SSN. |
10 |
27.69s |
| Question The ERO may
use ___________ as authority to input the taxpa
|
B. Pre-signed
authorizations |
10 |
10.78s |
| Question An examining
officer, or other Service officer or employee w
|
C. The taxpayer
directly. |
0 |
30.31s |
| Question If you
prepared a tax return two years ago when you were par
|
A. At every stage of
the tax returns you prepare to be able |
10 |
42.50s |
| Question A few things
to consider, even the most basic of things abou
|
D. All of the above. |
10 |
30.37s |
Technical Record
| System Language: |
en-US |
| Operating System: |
Win32 |
| Screen Resolution: |
1920x1080 |
| Client IP: |
98.210.82.67 |
| Client Time: |
Fri Jan 04 2019
17:45:34 GMT-0800 (Pacific Standard Time) |
| Version: |
Mozilla/5.0 (Windows
NT 6.1; Win64; x64) AppleWebKit/537.36 (KHTML, like
Gecko) Chrome/71. |
| Source URL: |
https://herasincometaxschool.com/reethicsfinal/ |
|
Tracker -> 2018 California
Final Exam -> Transcript (Kenneth Nichols)
Summary Report
| Candidate: |
Kenneth Nichols |
| User Identifier 2: |
kennymac925@gmail.com |
| User Identifier 3: |
a23756 |
| User Identifier 4: |
po1470894 |
| User Identifier 5: |
ghiabella925 |
| Quiz Title: |
2018 California Final
Exam |
| Overall Result: |
PASS |
| Overall Score: |
190/250 |
| Percentage Score: |
76 |
| Passing Percentage: |
70 |
| Time Results Received: |
Jan 4, 17:39:10, 2019 |
| Time Spent: |
00:39:20 |
Question Breakdown
| Question Reference |
Answer |
Score |
Time |
| Question California
does not conform to the federal standard deductio
|
D. All of the above. |
0 |
12.68s |
| Question Qualified
bicycle commuting reimbursement exclusion has bee
|
A. Does not conform to
the suspension. |
10 |
156.44s |
| Question The new TCJA
tax reform suspends all miscellaneous itemized
|
C. Both A and B above. |
10 |
106.84s |
| Question New federal
tax law limits the NOL deduction to 80 percent o
|
B. Will permit you to
carryback the NOL two years and the |
0 |
44.27s |
| Question The threshold
percentage of unreimbursed medical expenses is
|
A. Differ - 10 percent
for federal taxes and 7.5 percent for |
10 |
25.91s |
| Question On December
22, 2017, the new tax bill went into effect incr
|
D. All of the above. |
10 |
30.95s |
| Question The new Tax
Cut and Job Act has changed our 2018 SALT The n
|
D. None, California
does not allow a deduction for state and |
10 |
23.12s |
| Question This
deduction can allow you to take a deduction for up to 2
|
A. California does not
conform to the new federal deduction |
10 |
39.17s |
| Question Due to the
fact that the Paid Family Leave (PFL) program is
|
B. Tax Free for
California tax purposes. |
10 |
164.76s |
| Question The following
is a true statement about ridesharing fringe b
|
D. None of the above. |
0 |
20.62s |
| Question The provision
in the new Tax Cuts and Jobs Act allows studen
|
C. Both A and B above. |
10 |
751.95s |
| Question California
conforms to the federal EITC as to the federal la
|
D. Only if these
amounts are taxable to California. |
0 |
34.21s |
| Question The annual
contribution is adjusted for inflation as are mos
|
B. $14,000 because
California does not conform to the |
10 |
26.33s |
| Question You should
consider tax planning as part of your tax filing
|
B. Tax planning
strategies. |
10 |
25.49s |
| Question California
offers tax breaks for businesses located in econ
|
A. The hiring credit. |
0 |
23.55s |
| Question The new Tax
Cuts and Job Act law has made the deduction for
|
B. Continues to be
50%. |
10 |
15.37s |
| Question California
agrees and has been conforming to the deduction o
|
B. Does not conform to
the new federal limitation on the |
10 |
18.10s |
| Question There are
many credits, deductions and employee fringe benef
|
D. None of the above. |
10 |
17.20s |
| Question The federal
law changes to simplify the kiddie tax by effect
|
C. California does not
conform to the federal |
10 |
133.96s |
| Question Talking about
students and the tax benefits of being a stude
|
A. Reverse it for
California tax purposes by entering the |
10 |
495.68s |
| Question Upon filing a
California domestic partnership with the state
|
A. With this ruling,
individuals of the same sex can now |
10 |
49.95s |
| Question The following
type of eligible medical expenses will change
|
D. None of the above
will differ. |
10 |
23.20s |
| Question Very
important to remember that if both the state of Califor
|
B. There is no need to
file Schedule CA of Form 540. |
10 |
24.38s |
| Question We are mostly
concerned with items that differ in preparing
|
A. You must account
for the difference and make the |
10 |
28.92s |
| Question An exclusion
from gross income of certain military pay recei
|
D. All of the above. |
0 |
54.73s |
Technical Record
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| Client Time: |
Fri Jan 04 2019
16:59:39 GMT-0800 (Pacific Standard Time) |
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|
Tracker -> 2019 California
Review Questions -> Transcript (Kenneth Nichols)
Summary Report
| Candidate: |
Kenneth Nichols |
| User Identifier 2: |
kennymac925@gmail.com |
| User Identifier 3: |
a23756 |
| User Identifier 4: |
po1470894 |
| User Identifier 5: |
ghiabella925 |
| Quiz Title: |
2019 California Review
Questions |
| Overall Result: |
PASS |
| Overall Score: |
110/150 |
| Percentage Score: |
73 |
| Passing Percentage: |
70 |
| Time Results Received: |
Jan 4, 16:58:30, 2019 |
| Time Spent: |
00:04:19 |
Question Breakdown
| Question Reference |
Answer |
Score |
Time |
| Question 1 The TCJA
tax reform amended section 11(3) to provide a pe
|
B. We will continue to
use the same California Consumer |
10 |
8.30s |
| Question 2 One of the
tax planning strategies is about knowing how n
|
D. All of the above. |
0 |
5.96s |
| Question 3 As with
married couples, things happen in the relationshi
|
D. All of the above. |
10 |
5.28s |
| Question 4 Moving
expenses have been suspended by the TCJA for tax y
|
C. California will
continue to allow moving expenses at the |
10 |
6.63s |
| Question 5 California
taxes the interest received from bonds that ar
|
A. Look forward to
paying the tax on the interest earned |
10 |
17.79s |
| Question 6 The new Tax
Cuts and Job Act has also revised the depreci
|
C. Both A and B above. |
10 |
23.32s |
| Question 7 All
depreciation methods used must be acceptable to Calif
|
B. Adjust your
depreciation and the useful life of the |
10 |
13.73s |
| Question 8 California
mainly conforms to the federal tax law, except
|
D. Any of the above. |
10 |
7.13s |
| Question 9 The new Tax
Cuts and Jobs Act of 2017 also brought change
|
C. California wants to
keep to the original plan to help |
10 |
11.18s |
| Question 10 In order
to motivate companies to make treatment drugs t
|
A. Reduced the Orphan
Drug credit to 50 percent |
0 |
7.59s |
| Question 11 There are
benefits offered by investing in a Roth IRA wh
|
C. California conforms
to federal tax law on contributions, |
10 |
55.91s |
| Question 12 You must
be able to identity what constitutes unemployme
|
A. As far as
California is concerned, unemployment is not |
10 |
5.31s |
| Question 13 Now the
federal IRC has due diligence requirements for q
|
B. $520 for each
failure. |
0 |
41.01s |
| Question 14 The
nonrefundable renter s credit, as with the other cre
|
D. The correct
information on the California tax return and |
0 |
36.83s |
| Question 15 If you
didn t itemize deductions on your federal tax ret
|
D. None of the above. |
10 |
6.35s |
Technical Record
| System Language: |
en-US |
| Operating System: |
Win32 |
| Screen Resolution: |
1920x1080 |
| Client IP: |
98.210.82.67 |
| Client Time: |
Fri Jan 04 2019
16:53:52 GMT-0800 (Pacific Standard Time) |
| Version: |
Mozilla/5.0 (Windows
NT 6.1; Win64; x64) AppleWebKit/537.36 (KHTML, like
Gecko) Chrome/71. |
| Source URL: |
https://herasincometaxschool.com/18californiareview/ |
|
Tracker -> 2019 Federal Tax Updates -> Transcript (Kenneth
Nichols)
Summary Report
| Candidate: |
Kenneth Nichols |
| User Identifier 2: |
kennymac925@gmail.com |
| User Identifier 3: |
A237526 |
| User Identifier 4: |
P01470894 |
| User Identifier 5: |
ghiabella925 |
| Quiz Title: |
2019 Federal Tax
Updates |
| Overall Result: |
PASS |
| Overall Score: |
220/300 |
| Percentage Score: |
73 |
| Passing Percentage: |
70 |
| Time Results Received: |
Oct 26, 11:49:01, 2018 |
| Time Spent: |
00:17:31 |
Question Breakdown
| Question Reference |
Answer |
Score |
Time |
| Question In 2018,
there are two classes of businesses taken into cons
|
D. All of the above. |
10 |
49.64s |
| Question The new tax
legislation, which the President signed into law
|
D. All of the above. |
10 |
19.25s |
| Question The TCJA of
2017 has brought changes to the way pass through
|
A. 20% of the business
income and will be claimed as a |
10 |
62.27s |
| Question With the new
tax legislation, alimony is treated differently
|
A. Because now neither
can the payer deduct it, nor is the |
10 |
28.27s |
| Question For 2018, the
deduction for casualty and theft losses has be
|
C. Both A and B above. |
10 |
34.41s |
| Question In 2018 and
each year a passenger auto is depreciated, the d
|
D. The greater of A or
B above. |
0 |
15.33s |
| Question You can
discharge your federal and private student loan debt
|
D. Will not be a
tax-fee transaction. |
0 |
31.19s |
| Question The new Tax
Cuts and Jobs Act (TCJA) has limitations on the
|
B. You definitely will
be able to carryback all of it. |
0 |
34.83s |
| Question The Pease
Limitation is the overall limitation on itemized d
|
A. The overall
limitation on itemized deductions is |
10 |
30.16s |
| Question In 2018, the
deduction for a pass through qualified trade or
|
A. 20% of QBI. |
10 |
5.63s |
| Question One of the
main provisions of the Obamacare is the guarantee
|
D. All of the above. |
10 |
24.74s |
| Question What are
these adjustments to income that help you arrive at
|
A. Repayment of
supplemental unemployment benefits required |
10 |
47.13s |
| Question Many
taxpayers are misinformed and believe that the Affordab
|
A. The ACA continues
as if there is no Tax Cuts and Jobs Act |
10 |
44.34s |
| Question Colleges and
universities counted on the previous tax code t
|
D. None of the above. |
0 |
26.43s |
| Question If your
Adjusted Gross Income is $35,000, you can contribute
|
B. 50% of your
Adjusted Gross Income. |
0 |
28.23s |
| Question New changes
will be implemented for the ABLE in the course o
|
B. Achieving a Better
Life Experience. |
10 |
17.87s |
| Question The PATH Act
law states that starting January 1, 2018, bonus
|
B. On December 22,
2017, the new tax bill went into effect |
10 |
27.91s |
| Question The taxpayer
must substantiate on a contemporaneous acknowle
|
B. A statement that
goods or services consisted entirely of |
0 |
66.59s |
| Question The premium
tax credit continues and thus taxpayers who cont
|
B. Is no intention in
the code for discontinuing the premium |
10 |
21.73s |
| Question The Tax Cuts
and Jobs Act (TCJA) has repealed the Affordable
|
D. Completely
eliminated starting December 22, 2017. |
0 |
19.05s |
| Question The
alternative minimum tax will continue with the new Tax C
|
B. Only be 28 percent. |
10 |
127.66s |
| Question If the
employer chooses to provide the fringe benefit affect
|
A. The employer will
be able to claim a tax deduction for |
10 |
92.84s |
| Question The rules for
moving expenses have changed with the new Tax
|
D. All of the above. |
10 |
21.73s |
| Question Starting in
2018, the unreimbursed employee business expense
|
D. All of the above. |
10 |
26.71s |
| Question For 2018, the
TCJA retains the historic rehabilitation tax c
|
D. All of the above. |
10 |
34.71s |
| Question The new Tax
Cuts and Job Act has also revised the depreciati
|
A. Up to $100,000 in
first year depreciation. |
0 |
12.59s |
| Question Other than
being at a tax bracket of 39 6% and being taxed a
|
D. All of the above. |
10 |
29.09s |
| Question In 2018, the
part of the entertainment expense that is for m
|
A. 50% of your
business-related meal expenses which is |
10 |
15.80s |
| Question If an
employer reimburses an employee for a business expense
|
B. The employee is no
longer allowed to claim a tax |
10 |
15.83s |
| Question The new Tax
Cuts and Job Act law has made the deduction for
|
C. It is up to 10
percent to 60 percent. |
10 |
24.40s |
Technical Record
| System Language: |
en-US |
| Operating System: |
Win32 |
| Screen Resolution: |
1920x1080 |
| Client IP: |
98.210.82.67 |
| Client Time: |
Fri Oct 26 2018
12:28:25 GMT-0700 (Pacific Daylight Time) |
| Version: |
Mozilla/5.0 (Windows
NT 6.1; Win64; x64) AppleWebKit/537.36 (KHTML, like
Gecko) Chrome/70. |
| Source URL: |
https://www.herasincometaxschool.com/reupdatesfinal/ |
|
Tracker -> 2019 Updates Review Questions -> Transcript (kenneth
nichols)
Summary Report
| Candidate: |
kenneth nichols |
| User Identifier 2: |
kennymac925@gmail.com |
| User Identifier 3: |
A237526 |
| User Identifier 4: |
PO1470894 |
| User Identifier 5: |
ghiabella925 |
| Quiz Title: |
2019 Updates Review
Questions |
| Overall Result: |
PASS |
| Overall Score: |
80/90 |
| Percentage Score: |
89 |
| Passing Percentage: |
70 |
| Time Results Received: |
Oct 17, 11:04:00, 2018 |
| Time Spent: |
00:04:22 |
Question Breakdown
| Question Reference |
Answer |
Score |
Time |
| Question 1 There are
many changes that came about with the new admin
|
B. $2,000 |
10 |
5.97s |
| Question 2 The purpose
of the AMT is to effectively take back some o
|
C. Both A and B above. |
10 |
17.91s |
| Question 3 The new
deduction for pass-through businesses was created
|
D. All of the above. |
10 |
36.00s |
| Question 4 The kiddie
tax will most likely apply until the year the
|
B. The child's
net unearned income for the year |
10 |
17.25s |
| Question 5 The new Tax
Cuts and Jobs Act also brought change to Sect
|
D. All of the above. |
10 |
51.05s |
| Question 6 There has
been a major change to the NOL carryforward and
|
B. In the new tax
reform, NOLs are allowed to carry a NOL |
0 |
49.69s |
| Question 7 The
Affordable Care Act continues for another _______ and
|
B. Two years. |
10 |
19.23s |
| Question 8 There are
restrictions placed on Congress as to what it c
|
A. The repeal of the
tax penalty is not a repeal of the |
10 |
25.79s |
| Question 9 The rules
for employer-operated eating facilities remain
|
D. All of the above. |
10 |
33.95s |
Technical Record
| System Language: |
en-US |
| Operating System: |
Win32 |
| Screen Resolution: |
1920x1080 |
| Client IP: |
98.210.82.67 |
| Client Time: |
Wed Oct 17 2018
11:56:54 GMT-0700 (Pacific Daylight Time) |
| Version: |
Mozilla/5.0 (Windows
NT 6.1; Win64; x64) AppleWebKit/537.36 (KHTML, like
Gecko) Chrome/69. |
| Source URL: |
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|
|