AFSP Exam With 125 Questions and answers
Newest RATED A+ 2025/26
standard mileage rate enables a taxpayer to - Correct Answers deduct vehicle expenses on per
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
mile rate basis rather than deducting actual car expenses.
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Ii! Accordingly, the standard mileage rates differ from one another depending on whether the Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Ii! vehicle is Ii!
used for: - Correct Answers Business purposes;
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Charitable purposes; or Ii! Ii!
Obtaining medical care. Ii! Ii!
Ii! Can taxpayer deduct unreimbursed employee expenses? - Correct Answers no
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Ii! the 2018 alternative
Ii! Ii!
standard mileage rate applicable to eligible business use of a vehicle is - Correct Answers 54.5¢
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
per mile, up from 53.5¢
Ii! Ii! Ii! Ii! Ii!
in 2017.
Ii!
Ii! (Business Use of a Taxpayer's Personal Vehicle) Ii! Ii! Ii! Ii! Ii! Ii!
Ii! In order for such expenses to be deductible, they must have been: - Correct Answers Paid or
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Ii! incurred during the tax year; Ii! Ii! Ii! Ii!
For the purpose of carrying on the taxpayer's trade or business; and
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Ordinary and necessary. Ii! Ii!
Ii! Provided the vehicle expenses meeting the three criteria are not reimbursed, the deductible
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
,personal vehicle expenses include those incurred while traveling: - Correct Answers Between
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
workplaces;
Ii!
To meet with a business customer;
Ii! Ii! Ii! Ii! Ii!
To attend a business meeting located away from the taxpayer's regular workplace; or
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
From the taxpayer's home to a temporary place of work.
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Ii! In addition to using the standard mileage rate, a taxpayer may also deduct any - Correct Answers
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Ii! Ii!business-related
parking fees and tolls paid while engaging in deductible business travel.
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Ii! parking fees paid by Ii! Ii! Ii!
a taxpayer to park his or her vehicle at the usual place of business are considered - Correct
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Answers commuting
Ii! Ii! Ii! Ii! Ii!
expenses and are not deductible. Ii! Ii! Ii! Ii!
Ii! The standard mileage rate applicable to a taxpayer's
Ii! Ii! Ii! Ii! Ii! Ii! Ii!
use of a personal vehicle for charitable purposes is based on statute and remains unchanged at -
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Correct Answers 14¢
Ii! Ii! Ii! Ii! Ii! Ii!
per mile Ii!
Ii! use of Personal Vehicle for Charitable Purposes, The taxpayer may also deduct - Correct Answers
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
parking fees and tolls regardless of whether the actual
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
expenses or standard mileage rate is used. Ii! Ii! Ii! Ii! Ii! Ii!
Ii! The vehicle expenses a taxpayer may include as
Ii! Ii! Ii! Ii! Ii! Ii! Ii!
medical and dental expenses are - Correct Answers the amounts paid for transportation to
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
obtain medical care for the
Ii! Ii! Ii! Ii! Ii!
taxpayer, a spouse or a dependent. Ii! Ii! Ii! Ii! Ii!
, Ii! A taxpayer may also include as medical and dental expenses
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
those transportation costs incurred: Ii! Ii! Ii! Ii!
and Ii!
Ii! The taxpayer may also deduct - Correct Answers By a parent who must accompany a child
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Ii! needing medical care; Ii! Ii!
By a nurse or other person who can administer injections, medications or other treatment
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
required by a patient traveling to obtain medical care and unable to travel alone; or
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
For regular visits to see a mentally-ill dependent, if such visits are recommended as a part of
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
the mentally-ill dependent's treatment.
Ii! Ii! Ii!
and Ii!
Ii! any parking fees or tolls,
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regardless of whether actual expense or the standard mileage rate is used. Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Ii! For 2018, the standard medical mileage rate is - Correct Answers 18¢
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
per mile, an increase of 1¢ from 2017.
Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Ii! Under the Ii!
federal education savings bond program, a taxpayer may exclude some or all interest income
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
received
Ii!
on qualified U.S. savings bonds if the taxpayer: - Correct Answers Paid qualified education
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
expenses for the taxpayer, a spouse or a dependent claimed as an
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
exemption;
Has a modified adjusted gross income (MAGI) not exceeding specified maximum amounts that
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
are adjusted for inflation each year; and
Ii! Ii! Ii! Ii! Ii! Ii!
Has a federal income tax filing status other than married filing separately.
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Newest RATED A+ 2025/26
standard mileage rate enables a taxpayer to - Correct Answers deduct vehicle expenses on per
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
mile rate basis rather than deducting actual car expenses.
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Ii! Accordingly, the standard mileage rates differ from one another depending on whether the Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Ii! vehicle is Ii!
used for: - Correct Answers Business purposes;
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Charitable purposes; or Ii! Ii!
Obtaining medical care. Ii! Ii!
Ii! Can taxpayer deduct unreimbursed employee expenses? - Correct Answers no
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Ii! the 2018 alternative
Ii! Ii!
standard mileage rate applicable to eligible business use of a vehicle is - Correct Answers 54.5¢
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
per mile, up from 53.5¢
Ii! Ii! Ii! Ii! Ii!
in 2017.
Ii!
Ii! (Business Use of a Taxpayer's Personal Vehicle) Ii! Ii! Ii! Ii! Ii! Ii!
Ii! In order for such expenses to be deductible, they must have been: - Correct Answers Paid or
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Ii! incurred during the tax year; Ii! Ii! Ii! Ii!
For the purpose of carrying on the taxpayer's trade or business; and
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Ordinary and necessary. Ii! Ii!
Ii! Provided the vehicle expenses meeting the three criteria are not reimbursed, the deductible
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
,personal vehicle expenses include those incurred while traveling: - Correct Answers Between
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
workplaces;
Ii!
To meet with a business customer;
Ii! Ii! Ii! Ii! Ii!
To attend a business meeting located away from the taxpayer's regular workplace; or
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
From the taxpayer's home to a temporary place of work.
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Ii! In addition to using the standard mileage rate, a taxpayer may also deduct any - Correct Answers
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Ii! Ii!business-related
parking fees and tolls paid while engaging in deductible business travel.
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Ii! parking fees paid by Ii! Ii! Ii!
a taxpayer to park his or her vehicle at the usual place of business are considered - Correct
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Answers commuting
Ii! Ii! Ii! Ii! Ii!
expenses and are not deductible. Ii! Ii! Ii! Ii!
Ii! The standard mileage rate applicable to a taxpayer's
Ii! Ii! Ii! Ii! Ii! Ii! Ii!
use of a personal vehicle for charitable purposes is based on statute and remains unchanged at -
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Correct Answers 14¢
Ii! Ii! Ii! Ii! Ii! Ii!
per mile Ii!
Ii! use of Personal Vehicle for Charitable Purposes, The taxpayer may also deduct - Correct Answers
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
parking fees and tolls regardless of whether the actual
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
expenses or standard mileage rate is used. Ii! Ii! Ii! Ii! Ii! Ii!
Ii! The vehicle expenses a taxpayer may include as
Ii! Ii! Ii! Ii! Ii! Ii! Ii!
medical and dental expenses are - Correct Answers the amounts paid for transportation to
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
obtain medical care for the
Ii! Ii! Ii! Ii! Ii!
taxpayer, a spouse or a dependent. Ii! Ii! Ii! Ii! Ii!
, Ii! A taxpayer may also include as medical and dental expenses
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
those transportation costs incurred: Ii! Ii! Ii! Ii!
and Ii!
Ii! The taxpayer may also deduct - Correct Answers By a parent who must accompany a child
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Ii! needing medical care; Ii! Ii!
By a nurse or other person who can administer injections, medications or other treatment
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
required by a patient traveling to obtain medical care and unable to travel alone; or
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
For regular visits to see a mentally-ill dependent, if such visits are recommended as a part of
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
the mentally-ill dependent's treatment.
Ii! Ii! Ii!
and Ii!
Ii! any parking fees or tolls,
Ii! Ii! Ii! Ii!
regardless of whether actual expense or the standard mileage rate is used. Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Ii! For 2018, the standard medical mileage rate is - Correct Answers 18¢
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
per mile, an increase of 1¢ from 2017.
Ii! Ii! Ii! Ii! Ii! Ii! Ii!
Ii! Under the Ii!
federal education savings bond program, a taxpayer may exclude some or all interest income
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
received
Ii!
on qualified U.S. savings bonds if the taxpayer: - Correct Answers Paid qualified education
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
expenses for the taxpayer, a spouse or a dependent claimed as an
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
exemption;
Has a modified adjusted gross income (MAGI) not exceeding specified maximum amounts that
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
are adjusted for inflation each year; and
Ii! Ii! Ii! Ii! Ii! Ii!
Has a federal income tax filing status other than married filing separately.
Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii! Ii!
