Question 1

An individual who is claimed as a dependent by another person is not entitled to a personal exemption on his or her own return.

Accepted Answer

This is because the person claiming the dependent is entitled to the personal exemption for that dependent.

Question 2

An individual may not qualify for the dependency exemption as a qualifying child but may still qualify as a dependent.

Accepted Answer

It is possible for someone to qualify as a dependent even if they do not meet the criteria to be a qualifying child. The requirements for qualifying as a dependent can be met in different ways, such as through income or living situation.

Question 3

A qualifying child of the taxpayer must meet the gross income test.

Accepted Answer

A qualifying child does not have to meet the gross income test. However, a qualifying relative must meet the gross income test to be claimed as a dependent.

Question 4

One requirement for claiming a dependent as a qualifying relative is that the taxpayer provides more than 50 percent of the dependent's support (assuming it is not a multiple support agreement situation).

Accepted Answer

To claim a dependent as a qualifying relative, the taxpayer must provide more than 50 percent of their support.

Question 5

The amount of Social Security tax paid by the taxpayer will be a consideration in determining the refundable component of the child care credit for larger families.

Accepted Answer

The amount of Social Security tax paid by the taxpayer is one of the factors used to calculate the refundable portion of the child care credit for families with three or more children.

Question 6

For purposes of the dependency exemption, a qualifying child must be under age 19, a full-time student under age 24, or a permanently and totally disabled child.

Accepted Answer

This statement is true. To qualify for the dependency exemption, a child must meet one of these age or disability criteria.

Question 7

The regular standard deduction is available to which one of the following taxpayers?

Accepted Answer

D)A person who is a dependent of another has a limited standard deduction.Married individuals filing separate returns when the other spouse itemizes and an individual filing a short period return may not take the standard deduction.The IRS follows the Supreme Court Windsor decision recognizing same sex marriages.

Question 8

Which of the following types of itemized deductions are included in the category of miscellaneous expenses that are deductible only if the aggregate amount of such expenses exceeds 2% of the taxpayer's adjusted gross income?

Accepted Answer

Unreimbursed employee business expenses are included in the category of miscellaneous expenses that are deductible only if the aggregate amount of such expenses exceeds 2% of the taxpayer's adjusted gross income. Charitable contributions, medical expenses, and home mortgage interest expense are not included in this category.

Question 9

Annisa, who is 28 and single, has adjusted gross income of $55,000 and itemized deductions of $5,000. In 2016, Annisa will have taxable income of

Accepted Answer

The answer of Annisa, who is 28 and single, has...

Question 10

On June 1, 2016, Ellen turned 65. Ellen has been a widow for five years and has no dependents. Her standard deduction is

Accepted Answer

The answer of On June 1, 2016, Ellen turned 65....

Question 11

Generally, in the case of a divorced couple, the parent who has physical custody of a child for the greater part of the year is entitled to the dependency exemption.

Accepted Answer

This is true according to IRS rules. However, parents can agree to alternate claiming the exemption or the non-custodial parent may be able to claim the exemption if certain conditions are met, such as if the custodial parent signs a written declaration releasing the exemption.

Question 12

The person claiming a dependency exemption under a multiple support declaration must provide more than 25% of the dependent's support.

Accepted Answer

The person claiming a dependency exemption under a multiple support declaration must provide at least 10% but not more than 50% of the dependent's support.

Question 13

Parents must provide more than half the support of their child under the age of 19 in order to claim her as a dependent qualifying child.

Accepted Answer

The key support criteria for qualifying child status is that the child cannot provide more than half of her own support.

Question 14

When two or more people qualify to claim the same person as a dependent, a taxpayer who is entitled to the exemption through the qualified child rules has priority over a taxpayer who meets the requirements for other relatives.

Accepted Answer

This is true according to the IRS rules for dependent eligibility. Taxpayers who meet the qualified child rules have priority over those who meet the other relative rules.

Question 15

For purposes of the dependency exemption, a qualifying child may not provide more than one-half of his or her own support during the year.

Accepted Answer

This statement is true according to the IRS rules for claiming the dependency exemption. The child must not have provided more than half of their own support during the year to be considered a qualifying child for the exemption.

Question 16

Nonresident aliens are allowed a full standard deduction.

Accepted Answer

The answer of Nonresident aliens are allowed a full standard...

Question 17

In 2016, Brett and Lashana (both 50 years old) file a joint tax return claiming as a dependent their son who is blind. Their standard deduction is

Accepted Answer

The answer of In 2016, Brett and Lashana (both 50...

Question 18

In 2016, the standard deduction for a married taxpayer filing a joint return and who is 67 years old with a spouse who is 65 years old is

Accepted Answer

According to the IRS website, in 2016 the standard deduction for a married taxpayer filing a joint return and both spouses being 65 or older was $15,100. This is the closest match to the age and filing status given in the question.

Question 19

The standard deduction may not be claimed by one married taxpayer filing a separate return if the other spouse itemizes deductions.

Accepted Answer

According to IRS rules, if one spouse chooses to itemize deductions, then the other spouse must also itemize, even if it means giving up the standard deduction. Therefore, a married taxpayer filing a separate return cannot claim the standard deduction if their spouse itemizes deductions.

Question 20

A child credit is a partially refundable credit.

Accepted Answer

A child credit is partially refundable, which means that if the credit exceeds the taxpayer's liability, the taxpayer may receive a refund of the excess amount, up to a certain limit.

Quiz 17: Determination of Tax