過去問 Individual Taxation １

Sarah Hance, who is single and lives alone in Idaho, has no income of her own and is supported in full by the following persons:

	Amount of support	Percent of total
Alan (an unrelated frined)	$14,400	48
Barbara (Sarah's sister)	12,900	43
Chris (Sarah's on)	2,700	9
	$30,000	100

Under a multiple support agreement, Sarah's dependency exemption can be claimed by

a.               No one

b.    Alan

c.     Barbara

d.    Chris

8041

Solution　c

・10%以上のSupport が必要。

・Unrelatedは同居のみ

・Relatedは別居でも可

Jim and Kay Ross contributed to the support of their two children, Dale and Kim, and Jim's widowed parent, Grant. Dale, a 19-year-old full-time college student, earned $4,500 as baby-sitter. Kim, a 23-year-old bank teller, earned $12,000. Grant received $5,000 in dividend income and $4,000 in nontaxable social security benefits. Grant, Dale, and Kim are US citizens and were over one-half supported by Jim and Kay. How many exemptions can Jim and Kay income on their joint income tax return?

a.               Two

b.     Three

c.     Four

d.     Five

4619

Solution b

・4,000ドル超えたら使えない。

・FUll-timeのCollege studentならOK。

A couple filed a joint return in prior tax years. During the current tax year, one spouse died. The couple has no dependent children. What is the filing status available to the surviving spouse for the first subsequent tax year?

a.               Surviving spouse

b.     Married filing separately

c.     Single

d.     Head of household

8685

Solution c

・聞かれてるのは翌年

・子どもがいないからSingle

For head of household filing status, which of the following costs are considered in determining whether the taxpayer has contributed more than one half the cost of maintain the household?

	Food consumed In the home	Value of services rendered in the home by the taxpayer
a.	Yes	Yes
b.	No	Yes
c.	Yes	No
d.	No	Yes

3344

Solution c

・「Value of～」はトイレを掃除した等。

Brenda, employed full time, makes beaded jewelry as a hobby. In year 2, Brenda's generated $2,000 of sales, and she incurred $3,000 of travel expenses. What is the proper reporting of the income and expenses related to the activity?

a.               Sales of $2,000 are reported in gross income, and $2,000 of expenses are reported as an itemized deduction subject to the 2% limitation.

b.     Sales of $2,000 are reported in gross income ,and $3,000 of expenses are reported as an itemized deduction subject to the 2% limitation.

c.     Sales and expenses are netted, and the net loss of $1,000 is reported as an itemized deduction not subject to the 2% limitation.

d.     Sales and expenses are netted and deducted for AGI.

89834

Solution a

・Hobbyの2,000までしか認められない。

・2％のLimitation

Perle, a dentist, billed Wood $600 for dental services. Wood paid Perle $200 cash and built a bookcase for Perle's office in full settlement of the bill. Wood sells comparable bookcases for $350. What amount should Perle include in taxable income as a result of this transaction?

a.               $0

b.     $200

c.     $550

d.     $600

4450

Solution　c

・物はFMV

DAC Foundation awarded Kent $75,000 in recognition of lifelong literary achievement. Kent was not required to render future services as a condition to receive the $75,000. What condition(s) must have been met for the award to be excluded from Kent's gross income?

I. Kent was selected for the award by DAC without any action on Kent's part.
II. Pursuant to Kent's designation, DAC paid the amount of the award either to a governmental unit or to a charitable organization.

a.               I only

b.     II only

c.     Both I and II

d.     Neither I nor II

7867

Solution　c

・No action ＆直接振り込めば、税務当局はIncomeとみなさない。

With regard to the inclusion of social security benefits in gross income, which of the following statements is correct?

a.               The social security benefits in excess of modified adjusted gross income are included in gross income.

b.     The social security benefits in excess of 85% the modified adjusted gross income are included in gross income.

c.     85% of the social security benefits is the maximum amount of benefits to be included in gross income.

d.     The social security benefits in excess of the modified adjusted gross income over $34,000 are included in gross income.

4609

Solution　c

・金持ち対策で最大85％まで入れろと言ってくる。

In a tax year where the taxpayer pays qualified education expenses, interest income on the redemption of qualified US Series EE Bonds may be excluded from gross income. The exclusion is subject to a modified gross income limitation and a limit of aggregate bond proceeds in excess of qualified higher education expenses. Which of the following is (are) true?

I. The exclusion applies for education expenses incurred by the taxpayer, the taxpayer's spouse, or any person whom the taxpayer may claim as a dependent for the year.

II. "Otherwise qualified higher education expenses" must be reduced by qualified scholarships not includible in gross income.

a.               I only

b.     II only

c.     Both I and II

d.     Neither I nor II

4607

Solution　c

・本人以外DependentもOK

・Qualified scholarship（Non-taxable）とのダブルはダメ

Darr, an employee of Sorce C corporation, is not a shareholder. Which of the following would be included in a taxpayer's gross income?

a.               Employer-provided medical insurance coverage under a health plan.

b.     An $11,000 gift from the taxpayer’s grandparents.

c.     The fair market value of land that the taxpayer inherited from an uncle.

d.     The dividend income on shares of stock that the taxpayer received for services rendered

7015

Solution　d

・Serviceの対価にもらった株の配当収入

Johnson worked for ABC Co. and earned a salary of $100,000. Johnson also received, as a fringe benefit, group term-life insurance at twice Johnson's salary. The annual IRS-established uniform cost of insurance is $2.76 per $1,000. What amount must Johnson include in gross income?

a.               $100,000

b.     $100,276

c.     $100,414

d.     $100,552

90206

Solution　c

・Coverageは100,000ｘ2

・50,000まで非課税

・150,000ｘ2.76/1,000＝414

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