FOR MORE CLASSES VISIT
www.acc401assist.com
QUIZ 1
1) Under the cash receipts and disbursements method, the taxpayer
reports income in the year:
2)
What item should not be included in income?
3) Which of the following statements is true with respect to
marginal and average tax rates?
4) In terms of dollars, wage earning taxpayers will normally pay the
majority of their tax liability:
5)
Income may be realized in the form of: