過去問 Individual Taxation ６

John and Mary were divorced in Year 1. The divorce decree provides that John pay alimony of $10,000 per year, to be reduced by 20% on their child's 18th birthday. During Year 5, John paid $7,000 directly to Mary and $3,000 to Spring College for Mary's tuition. What amount of these payments should be reported as income in Mary's Year 5 income tax return?

a.               $ 5,600

b.               $ 8,000

c.                $ 8,600

d.               $10,000

4453

Solution　b

10,000 x 20%はChild Support

In 2014, Matilda had her 50TH birthday and received taxable alimony of $25,000. IN addition, she received $2,500 earnings from a part-time job. Her employer did not provide a retirement plan for part-time employees. What was the maximum IRA contribution that Matilda could have made for 2014, that she could have deducted on her 2014 individual tax return, assuming that everything was done on a timely basis?

a.               $1,000

b.               $2,500

c.                $5,500

d.               $6,500

1602

Solution　d

通常はcだが、50歳超えているのでd。

A calendar-year individual is eligible to contribute to a deductible IRA. The taxpayer obtained a four-month extension to file until August 15 but did not file the return until November 1. What is the latest date that an IRA contribution can be made in order to qualify as a deduction can be made in order to qualify as a deduction on the prior year's return?

a.               October 15

b.               April 15

c.                August 15

d.               November 1

8201

Solution　b

File extensionでも4/15までに支払わなければならない。

A 33-year-old taxpayer withdrew $30,000 (pretax) from a traditional IRA. The taxpayer has a 33% effective tax rate and a 35% marginal tax rate. What is the total tax liability associated with the withdrawal?

a.               $10,000

b.               $10,500

c.                $13,000

d.               $13,500

8888

Solution　d

Marginal tax ratesを使う。

累進課税のBrackets。

ペナルティの10％+35％ｘ30,000

Health savings accounts (HAS) are tax-exempt trusts or custodial accounts that allow taxpayers to pay for or be reimbursed for certain medical expenses. Which statement about HSAs is not correct?

a.               A HAS must be used in conjunction with a high-deductible health plan.

b.               Eligible individuals for HAS purposes are entitled to receive Medicare benefits.

c.                Qualified medical expenses for HAS purposes are those that qualify for the itemized medical expense deduction.

d.               Distributions from a HAS for qualified medical expenses are not subject to tax.

7601

Solution　b

Medicare benefitsをもらえない人のためのもの。

Which items are subject to the phase out of the amount of certain itemized deductions that may be claimed by high-income individuals?

a.               Charitable contributions

b.               Medical costs

c.                Nonbusiness casualty losses

d.               Investment interest deductions

5429

Solution　a

Phase-outでないのは「Gimmick」a

dはIncomeまでしか取れない。

bはMedical Expenses

cはCasualty & Theft

In Year 9, Smith paid $6,000 to the tax collector of Wek City for realty taxes on a two-family house owned by Smith's mother. Of this amount, $2,800 covered back taxes for Year 8, and $3,200 covered Year 9 taxes. Smith resides on the second floor of the house, and his mother resides on the first floor. In Smith's itemized deductions on his Year 9 return, what amount was Smith entitled to claim for realty taxes?

a.               $ 6,000

b.               $ 3,200

c.                $ 3,000

d.               $ 0

1568

Solution　d

母親の家。

William did not itemize his deductions on his Year 7 and Year 8 federal income tax returns. However, William plans to itemize his deductions for Year 9. The following information relating to his state income taxes is available:

Taxes withheld in Year 9	$2,000
Refund received in Year 9 of Year 8 tax	300
Assessment paid in Yea 9 of Year 7 tax	200

What amount should William utilize as state and local income taxes in calculating itemized deductions for his Year 9 federal income tax return?

a.               $1,700

b.               $1,900

c.                $2,000

d.               $2,200

8042

Solution　d

聞かれているのはDeduction。

ちなみに、昨年Itemized Deductionsしていても、Refund ReceivedはGross Incomeに入れる必要なし。

For regular tax purposes, with regard to the itemized deduction for qualified residence interest, home equity indebtedness incurred

a.               Includes acquisition indebtedness secured by a qualified residence.

b.               May exceed the fair market value of the residence.

c.                Must exceed the taxpayer’s net equity in the residence.

d.               Is limited to $100,000 on a joint income tax return.

1553

Solution　d

Home equity indebtednessは元本100,000まで。

（住宅ローンは1,000,000まで。）

Taylor, an unmarried taxpayer, had $90,000 in adjusted gross income for Year 13. During Year 13, Taylor donated land to a church and made no other contributions. Taylor purchased the land in Year 1 as an investment for $14,000. The land's fair market value was $25,000 on the day of the donation. What is the maximum amount of charitable contribution that Taylor may deduct as an itemized deduction for the land donation for Year 13?

a.               $25,000

b.               $14,000

c.                $11,000

d.               $0

8658

Solution　a

Propertyの寄付はUp to 30% of your AGI

Spencer, who itemizes deductions had adjusted gross income of $60,000 in Year 1. The following additional information is available:

Cash contribution to church	$4,000
Purchase of art object at church bazaar
(with a fair market value of $800 on the date of purchase)	1,200
Donation of used clothing to Salvation Army
(fair value evidenced by receipt received)	600

What is the maximum amount Spencer can clam as a deduction for charitable contributions in Year 1?

a.               $5,400

b.               $5,200

c.                $5,000

d.               $4,400

4460

Solution　c

Cashの寄付はUp to 50% of your AGI

FMVより高値で買っている⇒差額はDonation

物はUp to 30% of your AGI

Which one of the following types of itemized deductions is included in the category of unreimbursed expenses deductible only if the aggregate of such expenses exceeds 2% of the taxpayer's adjusted gross income?

a.               Interest expense

b.               Medical expenses

c.                Employee moving

d.               Tax return preparation fees

8043

Solution　d

聞かれてるのはMisc. itemized deduction.

2% of your AGI

海外格安航空券を探すなら　スカイチケット！