True False
,Chapter 1: The Individual Income Tax Return
b b b b b b
1. Abcorporationbisbabreportingbentitybbutbnotbabtax-payingbentity.bTrue
False
2. Partnershipb capitalbgainsbandblossesbareballocatedbseparatelybtobeachbofbthebpartners.bTrue
False
3. Marriedb taxpayersb maybdoubleb theirb standardb deductionbamountb byb filingb separatebreturns.
True False
4. Anbitembisbnotbincludedbinbgrossbincomebunlessbthebtaxblawbspecifiesb thatbthebitembisbsubjectbtob
taxation.
True False
5. Forbtaxpayersb whobdob notbitemizeb deductions,bthebstandardb deductionb amountbisbsubtract
edbfrombthebtaxpayer'sbadjustedbgrossbincome.
True False
6. Abtaxpayerbwithbself-employmentbincomebofb$600bmustbfilebabtaxbreturn.bTrue
False
7. Abdependentbchildb withbearnedbincomebinbexcessbofbthebavailablebstandardbdeductionbamountb
mustbfilebabtaxbreturn.
True False
True False
,8. Absinglebtaxpayer,b whobisbnotb blindb andbwhobisbunderbageb65,b withbincomebofb$8,750bmustbfileb
abtaxbreturn.
True False
, 9. Ifbabtaxpayerbisbduebabrefund,bitbwillbbeb mailedbtobthebtaxpayerbregardlessbofbwhetherbheborbshebfilesb
abtaxbreturn.
True False
10. Taxpayersbwithbself-employmentbincomebofb$400borbmorebmustbfilebabtaxbreturn.bTrue
False
11. Ifbyourbspousebdiesbduringbtheb taxbyearb andb youbdobnotb remarry,b youb mustbfilebasbsinglebfor
bthebyearbofbdeath.
True False
12. Taxpayersbwhobdobnotbqualifybforbmarried,bheadbofbhousehold,borbqualifyingbwidowborbwidowerb
filingbstatusbmustbfilebasbsingle.
True False
13. Ifbanbunmarriedbtaxpayerb paidbmorebthanbhalfbtheb costbofbkeepingbabhomebwhichbisbthebprincipalb
placebofbresidencebofbabnephew,bwhob isbnotb herbdependent,bshebmaybusebthebheadbofbhouseholdbfilin
gbstatus.
True False
14. Thebmaximumbofficialbindividualbincomebtaxbratebforb2012bisb35bpercent.bTrue
False
15. Allbtaxpayersbmaybusebthebtaxbratebschedulebtobdeterminebtheirbtaxbliability.bTrue
False
16. Thebheadbofbhouseholdbtaxbratesbarebhigherbthanbthebratesbforbabsinglebtaxpayer.bTrue
False
True False
,Chapter 1: The Individual Income Tax Return
b b b b b b
1. Abcorporationbisbabreportingbentitybbutbnotbabtax-payingbentity.bTrue
False
2. Partnershipb capitalbgainsbandblossesbareballocatedbseparatelybtobeachbofbthebpartners.bTrue
False
3. Marriedb taxpayersb maybdoubleb theirb standardb deductionbamountb byb filingb separatebreturns.
True False
4. Anbitembisbnotbincludedbinbgrossbincomebunlessbthebtaxblawbspecifiesb thatbthebitembisbsubjectbtob
taxation.
True False
5. Forbtaxpayersb whobdob notbitemizeb deductions,bthebstandardb deductionb amountbisbsubtract
edbfrombthebtaxpayer'sbadjustedbgrossbincome.
True False
6. Abtaxpayerbwithbself-employmentbincomebofb$600bmustbfilebabtaxbreturn.bTrue
False
7. Abdependentbchildb withbearnedbincomebinbexcessbofbthebavailablebstandardbdeductionbamountb
mustbfilebabtaxbreturn.
True False
True False
,8. Absinglebtaxpayer,b whobisbnotb blindb andbwhobisbunderbageb65,b withbincomebofb$8,750bmustbfileb
abtaxbreturn.
True False
, 9. Ifbabtaxpayerbisbduebabrefund,bitbwillbbeb mailedbtobthebtaxpayerbregardlessbofbwhetherbheborbshebfilesb
abtaxbreturn.
True False
10. Taxpayersbwithbself-employmentbincomebofb$400borbmorebmustbfilebabtaxbreturn.bTrue
False
11. Ifbyourbspousebdiesbduringbtheb taxbyearb andb youbdobnotb remarry,b youb mustbfilebasbsinglebfor
bthebyearbofbdeath.
True False
12. Taxpayersbwhobdobnotbqualifybforbmarried,bheadbofbhousehold,borbqualifyingbwidowborbwidowerb
filingbstatusbmustbfilebasbsingle.
True False
13. Ifbanbunmarriedbtaxpayerb paidbmorebthanbhalfbtheb costbofbkeepingbabhomebwhichbisbthebprincipalb
placebofbresidencebofbabnephew,bwhob isbnotb herbdependent,bshebmaybusebthebheadbofbhouseholdbfilin
gbstatus.
True False
14. Thebmaximumbofficialbindividualbincomebtaxbratebforb2012bisb35bpercent.bTrue
False
15. Allbtaxpayersbmaybusebthebtaxbratebschedulebtobdeterminebtheirbtaxbliability.bTrue
False
16. Thebheadbofbhouseholdbtaxbratesbarebhigherbthanbthebratesbforbabsinglebtaxpayer.bTrue
False
True False
