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Tax Solution

In: Business and Management

Submitted By sharoncui11
Words 8947
Pages 36

Question/ Problem 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

Learning Objective LO 1 LO 1, 5, 8, 9 LO 1 LO 1 LO 1 LO 1


Status: Present Edition Modified Modified Modified Modified New New Unchanged Modified Unchanged Updated New New Unchanged Modified Unchanged Modified Unchanged

Q/P in Prior Edition 1 2 3 4

Tax formula Transactions with various income tax effects Gross income: inclusions Gross income: exclusions U. S. income tax: applicable to expatriates “Deductions for”: meaning and various designations LO 1, 8, 9 Effect of AGI on some deductions from LO 2 Choice between standard deduction and itemizing; variables involved LO 2 Standard deduction: characteristics of LO 2, 3, 5 Dependents and the determination of their standard deduction and personal exemptions LO 2 Dependents: determination of their standard deduction LO 4 Dependency exemption: qualifying child and earned income LO 4 Dependency exemption: children as qualifying child and as qualifying relative LO 4 Qualifying child: tie-breaker rules LO 4 Dependency exemption: ex-spouse and relationship test LO 4 Multiple support agreement: choice of eligible taxpayers LO 4 Dependency exemption: children of divorced parents

6 7 8 9

10 11 12 13 14

Instructor: For difficulty, timing, and assessment information about each item, see p. 3-4.

© 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.


2012 Comprehensive Volume/Solutions Manual Status: Present Edition Unchanged New Unchanged Modified Unchanged Unchanged Unchanged Unchanged Unchanged Unchanged Modified Modified Modified Modified Modified Modified Modified Modified Modified Modified Modified Modified New New Unchanged Modified Modified Modified Updated...

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