過去問 Individual Taxation ７

Which of the following disqualifies an individual from the earned income credit?

a.               The taxpayer’s qualifying child is a 17-year-old grandchild.

b.               The taxpayer has earned income of $5,000.

c.                The taxpayer’s five-year-old child lived in the taxpayer’s home for only eight months.

d.               The taxpayer has a filling status of married filing separately.

9415

Solution　d

a ：19歳以下ならOK。

b：5,000を超えても減らされるだけ。

C：6ヶ月以上住んでいればOK。

D：Joint Return しなければいけないから。

An employee who has had social security tax withheld in an amount greater than the maximum for a particular year, may claim

a.               Such excess as either a credit or an itemized deduction, at the election of the employee, if that excess resulted from correct withholding by two or more employers.

b.               Reimbursement of such excess from her/his employers, if that excess resulted from correct withholding by two or more employers.

c.                The excess as a credit against income tax, if that excess resulted from correct withholding by two or more employers.

d.               The excess as a credit against income tax, if that excess was withheld by one employer.

1559

Solution　c

転職者に多いケース。

Mr. and Mrs. Sloan paid the following expenses on December 15, 2014, when they adopted a child:

Child's medical expenses	$7,000
Agency fee	6,000
Legal expenses	9,000

What amount of the above expenses may the Sloans claim as an adoption credit on their 2014 joint income tax return?

a.               $22,000

b.               $16,000

c.                $15,000

d.               $13,190

4463

Solution　d

13,400まで取れる。

（古い問題だから13,190になっている。）

In Year 1, Alan Cox provided more than half the support for his following relatives, none of whom qualified as a member of Alan's household:

Cousin
Nephew
Foster parent

None of these relatives had any income, nor did any of these relatives file an individual or a joint return. All of these relatives are US citizens. Which of these relatives could be claimed as a dependent on Alan's Year 1 return?

a.               No one

b.               Nephew

c.                Cousin

d.               Foster parent

8040

Solution　b

CousinとFoster parentsは一緒に住んでなければ✖。

Ash had the following cash receipts:

Wages	$13,000
Interest income from US Treasury bonds	350
Workers' compensation following a job-related injury	8,500

What is the total amount that must be included in gross income on Ash's income tax return?

a.               $13,000

b.               $13,350

c.                $21,500

d.               $21,850

6790

Solution　b

8,500は非課税。

Clark bought Series EE US Savings Bonds after 1989. Redemption proceeds will be used for payment of college tuition for Clark's dependent child. One of the conditions that must be met for tax exemption of accumulated interest on these bonds is that the

a.               Purchaser of the bonds must be the sole owner of the bonds (or joint owner with her or his spouse).

b.               Bonds must be bought by a parent (or both parents) and put in the name of the dependent child.

c.                Bonds must be bought by the owner of the bonds before the owner reaches the age of 24.

d.               Bonds must be transferred to the college for redemption by the college rather than by the owner of the bonds.

1554

Solution　a

本人でも、奥さんとのJointでもいい。

Which of the following statements regarding an individual's suspended passive activity losses is correct?

a.               $3,000 of suspended losses can be utilized each year against portfolio income.

b.               Suspended losses can be carried forward, but not back, until utilized.

c.                Suspended losses must be carried back three years and forward seven years.

d.               A maximum of 50% of the suspended losses can be used each year when an election is made to forgo the carry-back period.

90217

Solution　b

Passive activityのLossは、Passive activity incomeにぶつけることはできるが、キャリフォアできない。

Jim owns a two-family house which has two identical apartments. Jim lives in one apartment and rents out the other. In Year 1, the rental apartment was fully occupied and Jim received $7,200 in rent. During Year 1, Jim paid the following:

Real estate taxes	$6,400
Painting of rental apartment	800
Annual fire insurance premium	600

In Year 1, depreciation for the entire house was determined to be $5,000. What amount should Jim include in his adjusted gross income for Year 1?

a.               $ 2,900

b.               $ 800

c.                $ 400

d.               $ 100

1594

Solution　c

7,200 – 6,400 / 2 – 800 – 600 / 2 – 5,000 / 2

An individual received $50,000 during the current year pursuant to a divorce decree. A check for $25,000 was identified as annual alimony, checks totaling $10,000 as annual child support, and check for $15,000 as a property settlement. What amount should be included in the individual's gross income?

a.               $50,000

b.               $40,000

c.                $25,000

d.               $0

8865

Solution c

Alimony は入れない。

Which allowable deduction can be claimed in arriving at an individual's adjusted gross income?

a.               Alimony payment

b.               Charitable contribution

c.                Personal casualty loss

d.               Unreimbursed business expense of an outside salesperson

4456

Solution　a

b、c、dはItemized deductions。

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