CANADIAN TAX PRINCIPLES CHAPTER 4 FULL
TEST BANK ACCURATE QUESTIONS AND
CORRECT ANSWERS 100% PASS
◉Which of the following statements regarding tax deductions is false?
Answer: From AGI deductions tend to be associated with business
activities while for AGI deductions tend to be associated with personal
activities.
◉All of the following are for AGI deductions except: Answer:
Charitable contributions (from AGI)
◉Which of the following is not an itemized deduction? Answer:
Alimony paid ; divorce decree after 2018
◉All of the following are tests for determining qualifying child status
except the _____. Answer: gross income test
◉Anna is a 21-year-old full-time college student (she plans on returning
home at the end of the school year). Her total support for the year was
$34,000 (including $8,000 of tuition). Anna covered $12,000 of her
support costs out of her own pocket (from savings, she did not work)
and she received an $8,000 scholarship that covered all of her tuition
TEST BANK ACCURATE QUESTIONS AND
CORRECT ANSWERS 100% PASS
◉Which of the following statements regarding tax deductions is false?
Answer: From AGI deductions tend to be associated with business
activities while for AGI deductions tend to be associated with personal
activities.
◉All of the following are for AGI deductions except: Answer:
Charitable contributions (from AGI)
◉Which of the following is not an itemized deduction? Answer:
Alimony paid ; divorce decree after 2018
◉All of the following are tests for determining qualifying child status
except the _____. Answer: gross income test
◉Anna is a 21-year-old full-time college student (she plans on returning
home at the end of the school year). Her total support for the year was
$34,000 (including $8,000 of tuition). Anna covered $12,000 of her
support costs out of her own pocket (from savings, she did not work)
and she received an $8,000 scholarship that covered all of her tuition
