题目内容

In which of the following situations may taxpayers file as married filing jointly?()

A. Taxpayers who were married but lived apart during the year.
B. Taxpayers who were married but lived under a legal separation agreement at the end of the year.
C. Taxpayers who were divorced during the year.
D. Taxpayers who were legally separated but lived together for the entire year.

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Four years ago, when Cox's spouse died, Cox filed a joint tax return for that year. Cox did not remarry, but continued to provide full support for a minor child who has been living with Cox. What is Cox's most advantageous filing status for the current year?()

A. Single.
B. Married filing separately.
C. Surviving spouse.
D. Head of household.

Juan recently started operating a flower shop as a proprietorship. In its first year of operations, the shop had a taxable income of $60,000. Assuming that Juan had no other employment-related earnings:()

A. The flower shop must withhold FICA taxes from Juan's earnings.
B. Juan must pay self-employment tax on the earnings of the business.
C. Juan will be exempt from self-employment taxes for the first three years of operations.
D. Juan will be exempt from the Medicare tax because the business earnings are below the threshold amount.

During a major sports event, a taxpayer rented his primary residence to spectators for 10 days. The taxpayer's rental income and expenses were as follows: Rental income $10,000 Prorated mortgage interest and taxes 1,000 Advertising 500 Commissions 1,000 How much net rental income must the taxpayer report on his income tax return?()

A. $0
B. $7,500
C. $8,500
D. $10,000

Adams owns a second residence that is used for both personal and rental purposes. During the current year, Adams used the second residence for 50 days and rented the residence for 200 days. Which of the following statements is correct?()

A. Depreciation may not be deducted on the property under any circumstances.
B. A rental loss may be deducted if rental-related expenses exceed rental income.
C. Utilities and maintenance on the property must be divided between personal and rental use.
D. All mortgage interest and taxes on the property will be deducted to determine the property's net income or loss.

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