Solutions Manual For Income
Tax Fundamentals 2025 43rd
Edition By Gerald Whittenburg,
Steven Gill. Latest Edition All
Chapters 1-12 100% Original
Verified A+ Grade
,Group 1 – Multiple Choice Questions
1. D The Income Tax Includes Elements Of 20. C Surviving Spouse Is Preferred To Head
Social And Economic Policy (LO 1.1) Of Household (LO 1.5)
2. C The Income Tax Was Authorized By The 21. E Either Margaret Or Her Sister (But Not Both)
16th Amendment In 1913 (LO 1.1) May Claim The Mother As A Dependent
3. C The 1040A And 1040-EZ No Longer Exist Under A Multiple Support Agreement (LO
And The 1120 Is For Corporations (LO 1.2) 1.6)
4. D Partnerships Use Form 1065 To Report 22. D The Daughter Fails The Age Test To
Income Tax Information. A Partner Will Be A Qualifying Child And She Fails
Report Their Share Of Income From A The Gross Income Test ($4,400 In
Part- Nership On A Form1040 (LO 1.2) 2022) To Be A Qualifying Relative
(LO 1.6)
5. D Capital Gains And Losses Are
Reported Directly On The Face Of 23. D The Child Tax Credit In 2022 Is
The Form 1040 (From Schedule D) $2,000 (LO 1.6)
(LO 1.2) 24. B The Child Tax Credit For The 13-Year-Old
6. D A Partnership Is Not Generally A Tax- Child Is $2,000. The Mother Does Not Meet
Paying Entity (LO 1.2) The Support Test And Cannot Be Claimed
(LO 1.6)
7. C Student Loan Interest Is A For AGI
Deduction. The Other Responses Are All 25. B Must Be Age 16 Or Under For Child Tax
Itemized (From AGI) Deductions (LO 1.3) Credit (LO 1.6)
8. B The Deduction For IRA Contributions Is 26. A Head Of Household Standard Deduction Plus
A For AGI Deduction (LO 1.3) Additional Standard Deduction For Age 65
($19,400 + $1,750) (LO 1.7)
9. D $98,000 – $13,000 (Standard Deduction Is
Less Than Itemized Deductions) (LO 1.3) 27. B Taxpayers Age 65 Or Older Are
10. D For AGI Adjustments Are Deducted To Eligible For An Additional Standard
Deduction Amount (LO 1.7)
Get To AGI (LO 1.3)
11. B The Larger Of The Two May Be 28. B Taxpayers That Are Blind Are Eligible
Deducted (LO 1.3) For An Additional Standard Deduction
Amount (LO 1.7)
12. A An Exclusion Reduces Gross Income (LO 1.3)
29. D Earned Income Plus $400 (LO 1.7)
13. B Filing Thresholds Generally Are The Same
As The Standard Deduction Amount (LO 30. E Standard Deduction May Not Exceed Typical
1.4) Amount (LO 1.7)
14. D Ben’s Income Would Need To Exceed 31. D Business Inventory Is Not Considered A
Capital Asset (LO 1.8)
The Standard Deduction To Require Filing
A Tax Return (LO 1.4) 32. A Gain Of $15,000 ($25,000 Amount Realized
15. D $25,900 + $1,400 (LO 1.4) Less $10,000 Adjusted Basis) Has Been
Held For More Than 12 Months And Is
16. C Single Dependent Over 65 And Blind Thresh- Long-Term (LO 1.8)
Old Is $4,500 For Unearned Income (LO 1.4)
33. C $10,000 = $240,000 – ($270,000 – $40,000)
17. C Joan Qualifies As Either Single Or Head (LO 1.8)
Of Household; However, Head Of
Household Is More Advantageous (LO 34. A $43,000 – $3,000. Net Capital Losses Of
Up To $3,000 May Be Deducted From
1.5)
Ordinary Income For Individual Taxpayers
18. D Although Dorothy Does Not Live With (LO 1.8)
Glenda, Since Dorothy Is A Parent That
Glenda Supports, Glenda May File As 35. C Line 7 Is Capital Gain Or (Loss) (LO 1.9)
Head Of Household (LO 1.5) 36. B Preparers Must Get A Signed Authorization To
19. D Taxpayer May File Married Filing Jointly E-File From The Taxpayer. (LO 1.10)
In Year Of Spouse’s Death (LO 1.5) 37. B About 90% Of Returns Are Filed
Electronically (LO 1.10)
1-1
,
, 1-2 Chapter 1 – The Individual Income Tax Return
Group 2 – Problems
1. A. Raising Revenue To Operate The Government.
b. Furthering Economic Goals Such As Reducing Unemployment.
c. Furthering Social Goals Such As Encouraging Contributions To Charities. (LO 1.1)
2. A. Form 1040
b. Schedule B
c. Schedule D
d. Schedule A
e. Schedule 2
f. Schedule E
g. Schedule 3
h. Schedule C
i. Schedule 1 (LO 1.2)
3. A. $36,300 = $42,000 + $300 – $6,000.
b. $25,900, The Greater Of Itemized Deductions Or The Standard Deduction Of $25,900.
c. $10,400 = $36,300 – $25,900. (LO 1.3)
4. A. $25,000.
b. $12,950, The Greater Of Total Itemized Deductions Or The Standard Deduction Amount.
c. $12,050 = $25,000 – $12,950. (LO 1.3)
5. A. $53,800 = $54,000 + $2,800 – $3,000 ($7,000 Capital Loss Limited To $3,000).
b. $12,950
c. $40,850 = $53,800 – $12,950. (LO 1.3 And 1.8)
6. A. $47,500 = $48,000 + $2,500 – $3,000.
b. $25,900, The Greater Of Itemized Deductions Or The Standard Deduction Of $25,900.
c. $21,600 = $47,500 – $25,900.
d. $2,184 (Tax Table) (LO 1.3, 1.5, And 1.7)
7. Adjusted Gross Income $18,000
Less: Itemized Deductions –2,400
Taxable Income $15,600
Marco’s Tax Liability From The Tax Table Is $1,670. Note: Because They Are Married And Filing Separately And
Mar- Co’s Spouse Tatiana Itemizes Her Deductions, Marco Must Also Itemize His Deductions, Even Though The
Itemized Deductions Total Is Less Than The Standard Deduction He Would Be Otherwise Entitled To. (LO 1.3,
1.5, And 1.7)
8. Adjusted Gross Income ($13,200 + $1,450) $ 14,650
Less: Standard Deduction –12,950
Taxable Income $ 1,700
(LO 1.3, 1.5, And 1.7)
(Note: See Chapter 6 For The Tax Credit Computation For Dependent College Students Under Age 24.)
9. A. $34,050 = $47,000 – $12,950.
b. Tax Tables. Taxpayers With Income Up To $100,000 Must Use The Tax Tables.
c. $3,884. (LO 1.3, 1.5, And 1.7)
10. A. $66,000 = $50,000 + $8,000 + $5,000 + $3,000.
b. $63,500 = $66,000 – $2,500.
c. $27,000, The Greater Of Itemized Deductions Or The Standard Deduction Of $25,900.
d. $36,500 = $63,500 – $27,000.
e. $3,972 (LO 1.3, 1.5, And 1.7)
Tax Fundamentals 2025 43rd
Edition By Gerald Whittenburg,
Steven Gill. Latest Edition All
Chapters 1-12 100% Original
Verified A+ Grade
,Group 1 – Multiple Choice Questions
1. D The Income Tax Includes Elements Of 20. C Surviving Spouse Is Preferred To Head
Social And Economic Policy (LO 1.1) Of Household (LO 1.5)
2. C The Income Tax Was Authorized By The 21. E Either Margaret Or Her Sister (But Not Both)
16th Amendment In 1913 (LO 1.1) May Claim The Mother As A Dependent
3. C The 1040A And 1040-EZ No Longer Exist Under A Multiple Support Agreement (LO
And The 1120 Is For Corporations (LO 1.2) 1.6)
4. D Partnerships Use Form 1065 To Report 22. D The Daughter Fails The Age Test To
Income Tax Information. A Partner Will Be A Qualifying Child And She Fails
Report Their Share Of Income From A The Gross Income Test ($4,400 In
Part- Nership On A Form1040 (LO 1.2) 2022) To Be A Qualifying Relative
(LO 1.6)
5. D Capital Gains And Losses Are
Reported Directly On The Face Of 23. D The Child Tax Credit In 2022 Is
The Form 1040 (From Schedule D) $2,000 (LO 1.6)
(LO 1.2) 24. B The Child Tax Credit For The 13-Year-Old
6. D A Partnership Is Not Generally A Tax- Child Is $2,000. The Mother Does Not Meet
Paying Entity (LO 1.2) The Support Test And Cannot Be Claimed
(LO 1.6)
7. C Student Loan Interest Is A For AGI
Deduction. The Other Responses Are All 25. B Must Be Age 16 Or Under For Child Tax
Itemized (From AGI) Deductions (LO 1.3) Credit (LO 1.6)
8. B The Deduction For IRA Contributions Is 26. A Head Of Household Standard Deduction Plus
A For AGI Deduction (LO 1.3) Additional Standard Deduction For Age 65
($19,400 + $1,750) (LO 1.7)
9. D $98,000 – $13,000 (Standard Deduction Is
Less Than Itemized Deductions) (LO 1.3) 27. B Taxpayers Age 65 Or Older Are
10. D For AGI Adjustments Are Deducted To Eligible For An Additional Standard
Deduction Amount (LO 1.7)
Get To AGI (LO 1.3)
11. B The Larger Of The Two May Be 28. B Taxpayers That Are Blind Are Eligible
Deducted (LO 1.3) For An Additional Standard Deduction
Amount (LO 1.7)
12. A An Exclusion Reduces Gross Income (LO 1.3)
29. D Earned Income Plus $400 (LO 1.7)
13. B Filing Thresholds Generally Are The Same
As The Standard Deduction Amount (LO 30. E Standard Deduction May Not Exceed Typical
1.4) Amount (LO 1.7)
14. D Ben’s Income Would Need To Exceed 31. D Business Inventory Is Not Considered A
Capital Asset (LO 1.8)
The Standard Deduction To Require Filing
A Tax Return (LO 1.4) 32. A Gain Of $15,000 ($25,000 Amount Realized
15. D $25,900 + $1,400 (LO 1.4) Less $10,000 Adjusted Basis) Has Been
Held For More Than 12 Months And Is
16. C Single Dependent Over 65 And Blind Thresh- Long-Term (LO 1.8)
Old Is $4,500 For Unearned Income (LO 1.4)
33. C $10,000 = $240,000 – ($270,000 – $40,000)
17. C Joan Qualifies As Either Single Or Head (LO 1.8)
Of Household; However, Head Of
Household Is More Advantageous (LO 34. A $43,000 – $3,000. Net Capital Losses Of
Up To $3,000 May Be Deducted From
1.5)
Ordinary Income For Individual Taxpayers
18. D Although Dorothy Does Not Live With (LO 1.8)
Glenda, Since Dorothy Is A Parent That
Glenda Supports, Glenda May File As 35. C Line 7 Is Capital Gain Or (Loss) (LO 1.9)
Head Of Household (LO 1.5) 36. B Preparers Must Get A Signed Authorization To
19. D Taxpayer May File Married Filing Jointly E-File From The Taxpayer. (LO 1.10)
In Year Of Spouse’s Death (LO 1.5) 37. B About 90% Of Returns Are Filed
Electronically (LO 1.10)
1-1
,
, 1-2 Chapter 1 – The Individual Income Tax Return
Group 2 – Problems
1. A. Raising Revenue To Operate The Government.
b. Furthering Economic Goals Such As Reducing Unemployment.
c. Furthering Social Goals Such As Encouraging Contributions To Charities. (LO 1.1)
2. A. Form 1040
b. Schedule B
c. Schedule D
d. Schedule A
e. Schedule 2
f. Schedule E
g. Schedule 3
h. Schedule C
i. Schedule 1 (LO 1.2)
3. A. $36,300 = $42,000 + $300 – $6,000.
b. $25,900, The Greater Of Itemized Deductions Or The Standard Deduction Of $25,900.
c. $10,400 = $36,300 – $25,900. (LO 1.3)
4. A. $25,000.
b. $12,950, The Greater Of Total Itemized Deductions Or The Standard Deduction Amount.
c. $12,050 = $25,000 – $12,950. (LO 1.3)
5. A. $53,800 = $54,000 + $2,800 – $3,000 ($7,000 Capital Loss Limited To $3,000).
b. $12,950
c. $40,850 = $53,800 – $12,950. (LO 1.3 And 1.8)
6. A. $47,500 = $48,000 + $2,500 – $3,000.
b. $25,900, The Greater Of Itemized Deductions Or The Standard Deduction Of $25,900.
c. $21,600 = $47,500 – $25,900.
d. $2,184 (Tax Table) (LO 1.3, 1.5, And 1.7)
7. Adjusted Gross Income $18,000
Less: Itemized Deductions –2,400
Taxable Income $15,600
Marco’s Tax Liability From The Tax Table Is $1,670. Note: Because They Are Married And Filing Separately And
Mar- Co’s Spouse Tatiana Itemizes Her Deductions, Marco Must Also Itemize His Deductions, Even Though The
Itemized Deductions Total Is Less Than The Standard Deduction He Would Be Otherwise Entitled To. (LO 1.3,
1.5, And 1.7)
8. Adjusted Gross Income ($13,200 + $1,450) $ 14,650
Less: Standard Deduction –12,950
Taxable Income $ 1,700
(LO 1.3, 1.5, And 1.7)
(Note: See Chapter 6 For The Tax Credit Computation For Dependent College Students Under Age 24.)
9. A. $34,050 = $47,000 – $12,950.
b. Tax Tables. Taxpayers With Income Up To $100,000 Must Use The Tax Tables.
c. $3,884. (LO 1.3, 1.5, And 1.7)
10. A. $66,000 = $50,000 + $8,000 + $5,000 + $3,000.
b. $63,500 = $66,000 – $2,500.
c. $27,000, The Greater Of Itemized Deductions Or The Standard Deduction Of $25,900.
d. $36,500 = $63,500 – $27,000.
e. $3,972 (LO 1.3, 1.5, And 1.7)
