[tam2688]

I am trying to do these review questions for class and I just want to make sure I study the right answers for the test later on. All are true OR false, and I will say what I have so far. Can anyone PLEASE check them?

A married couple filing jointly can increase their standard deduction by $4,400 if both are elderly and blind. (I am not sure if true or false)

A widow with a dependent child files head of household for the two years immediately after the year of the spouse's death. (I put true?)

A 15-year old foster child residing with a single taxpayer for eight months of the year may qualify the taxpayer for head of household status. (I put true?)

When a noncustodial parent (Father) provides more than 50% of the support of his child, he is entitled to claim a dependency exemption for the child. (I put false?)

When determining whether a dependency exemption can be claimed for a child of divorced parents, the period of custody is usually the deciding factor. (not sure?)

The personal exemption for a deceased spouse does not have to be prorated for the portion of the hear the decedent lived. (leaning towards false? Not sure)

The standard deduction and itemized deductions are deductible for AGI. (?)

A single person who is a dependent has $2000 of earned income. This person can claim the same standard deduction allowed to a single taxpayer who is not a dependent. (false?)

When a married taxpayer files separately and decides to deduct her itemized deducations, her spouse may deduct the greater or the regular standard deduction or itemize deductions on his tax return (True?)

In 2010, the deductions for exemptions may be phased out. (true?)

A married couple filing a joint tax return, where both spouses are elderly and blind, can claim a standard deduction of $17,000 in 2010.

The personal exemption for a single taxpayer who qualifies as another taxpayer's dependent is $950. (true?)

A single person, who is a dependent, has $2000 of unearned (interest) income. This person has no taxable income since his AGI is less than the standard deduction amount for single taxpayers. (?)

The Internal Revenue Code provides an exhaustive list of items that comprise of gross income. (false?)

A dependent's basic standard deduction cannot exceed the basic standard deduction for a person not claimed as a dependent. (true?)

Under the tie-break rules, when a couple divorces, the dependency exemption goes to the parent with the highest AGI. (true?)

A retirement savings contributions credit is available for $1,000 contribution to a qualified retirement plan by a dependent whose AGI is only $10,000. (true?

When the advanced earned income credit exceeds the taxpayer's earned income credit, the taxpayer must refund the excess to the employer. (?)

For taxpayers in the 15% tax bracket, the tax savings from a $100 deduction is better than a $10 tax credit. (?)

Taxpayers in the 15% tax braket pay the same tax rate on their qualified dividends and net capital gains as they do on their wages and other types of income. (?)
14 minutes ago
- 4 days left to answer.

[AtlantaTaxExpert]

I would be doing you NO FAVOR by answering your questions as posted!

The answers to EVERYONE ONE of these questions (EXCEPT maybe "The standard deduction and itemized deductions are deductible for AGI. (?)") can be answered by looking up the answer in IRS Pub 17, which can be downloaded at www.irs.gov.

You will learn a LOT more and be better able to do the needed research when you are working at a tax professional if you learn NOW how to use the Internet and the IRS pubs to find answers to questions.

[Fr_Chuck]

And to follow it up, it would be a violation of site rules and the expert be in trouble for doing your home work for you.

We thank you for taking the time to cut and paste your homework here.

If you want to tell us what you think and why you think it is so, our experts may disuss each one with you