64. What qualifications are necessary to file as qualifying widow(er)? The qualifications necessary to file as qualifying widow(er) are: 1. Taxpayer was eligible to file a joint return in the year the spouse died. 2. Taxpayer did not remarry before the end of the tax year in question. 3. Taxpayer paid more than half the cost of keeping up a household. 4. The household was the principal place of abode for the entire year (except for temporary absences) of both the taxpayer and a child, stepchild, or adopted child who can be claimed as a dependent by the taxpayer. Difficulty: 1 Easy Learning Objective: 02-02 Determine the proper filing status. RTRP: Yes Topic: Filing Status 65. How many personal exemptions can the taxpayer claim? What is the amount of the personal exemption for 2013? The taxpayer can only claim a personal exemption for himself or herself and his or her spouse (if married). The amount for 2013 is $3,900 for each personal exemption. Difficulty: 1 Easy Learning Objective: 02-03 Calculate personal exemptions. RTRP: Yes Topic: Personal Exemptions 66. Can Erick, who is a full-time student and earns $1,550 working as a clerk, claim an exemption for himself on his tax return? Assume his parents are claiming him as a dependent. No. If a taxpayer is claimed as a dependent on another return, no personal exemption is allowed on the return of the taxpayer. Difficulty: 1 Easy Learning Objective: 02-03 Calculate personal exemptions. RTRP: Yes Topic: Personal Exemptions 67. A taxpayer can claim a dependency exemption if the person is a qualifying child or a qualifying relative and the person meets three tests. List the three tests this person must meet. The three tests that this person must meet to be claimed as a dependent are: 1. Dependent taxpayer test. 2. Joint return test. 3. Citizen or resident test. Difficulty: 1 Easy Learning Objective: 02-04 Calculate dependency exemptions. RTRP: Yes Topic: Dependency Exemptions
64. What qualifications are necessary to file as qualifying widow(er)? The qualifications necessary to file as qualifying widow(er) are: 1. Taxpayer was eligible to file a joint return in the year the spouse died. 2. Taxpayer did not remarry before the end of the tax year in question. 3. Taxpayer paid more than half the cost of keeping up a household. 4. The household was the principal place of abode for the entire year (except for temporary absences) of both the taxpayer and a child, stepchild, or adopted child who can be claimed as a dependent by the taxpayer. Difficulty: 1 Easy Learning Objective: 02-02 Determine the proper filing status. RTRP: Yes Topic: Filing Status 65. How many personal exemptions can the taxpayer claim? What is the amount of the personal exemption for 2013? The taxpayer can only claim a personal exemption for himself or herself and his or her spouse (if married). The amount for 2013 is $3,900 for each personal exemption. Difficulty: 1 Easy Learning Objective: 02-03 Calculate personal exemptions. RTRP: Yes Topic: Personal Exemptions 66. Can Erick, who is a full-time student and earns $1,550 working as a clerk, claim an exemption for himself on his tax return? Assume his parents are claiming him as a dependent. No. If a taxpayer is claimed as a dependent on another return, no personal exemption is allowed on the return of the taxpayer. Difficulty: 1 Easy Learning Objective: 02-03 Calculate personal exemptions. RTRP: Yes Topic: Personal Exemptions 67. A taxpayer can claim a dependency exemption if the person is a qualifying child or a qualifying relative and the person meets three tests. List the three tests this person must meet. The three tests that this person must meet to be claimed as a dependent are: 1. Dependent taxpayer test. 2. Joint return test. 3. Citizen or resident test. Difficulty: 1 Easy Learning Objective: 02-04 Calculate dependency exemptions. RTRP: Yes Topic: Dependency Exemptions
Downloadable-Test-Bank-for-Fundamentals-of-Taxation-2014-7th-Edition-Cruz-002-1.docx