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7. Question : What is the amount of the tax liability for a married
couple having taxable income
of $153,500? All answers should be rounded to the nearest dollar.
8. Question : Which of the following trial courts hear tax cases?
9. Question : A 37-year-old taxpayer with a dependent child and
claiming head of household
status has received $21,000 in child support payments and earned
wages of
$46,000. Which is the simplest form this person canfile?
10. Question : The basic standard deduction in 2014 for a Head of
Household taxpayer who is 41
years old and not blind is:
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ACC 401 Week 2 Assignment Chapter 4 problem 53 and
problem 55 (UOP)
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53. Under the terms of a divorce decree executed May 1, 2008,
Rob transferred a house worth $650,000 to his ex-wife, Linda, and
was to make alimony payments of $3,000 per month. The
property has a tax basis to Rob of $300,000.