TEST BANK McGraw-Hill's Essentials of Federal Taxation 2025
Edition, 15th Edition By Brian Spilker, Benjamin Ayers, Verified
Chapters 1 - 17, Complete
Version 1 1
, McGraw-Hill's Essentials of Federal Taxation
TABLE OF CONTENTS
Part I: Introduction to Taxation
Chapter 1: An Introduction to Tax
Chapter 2: Tax Compliance, the IRS, and Tax Authorities
Chapter 3: Tax Planning Strategies and Related
Limitations
Part II: Individual Taxation
Chapter 4: ndividual Income Tax Overview, Dependents, and Filing Status
Chapter 5: Gross Income and Exclusions
Chapter 6: Individual For AGI Deductions
Chapter 7: Individual From AGI Deductions
Chapter 8: Individual Income Tax Computation and Tax Credits
Part III: Business-Related Transactions
Chapter 9: Business Income, Deductions, and Accounting Methods
Chapter 10: Property Acquisition and Cost Recovery
Chapter 11: Property Dispositions
Part IV: Entity Overview and Taxation of C Corporations
Chapter 12: Business Entities Overview
Chapter 13: Corporate Formations and Operations
Chapter 14: Corporate Nonliquidating and Liquidating Distributions
Version 1 2
, McGraw-Hill's Essentials of Federal Taxation
Part V: Taxation of Flow-Through Entities
Chapter 15: Forming and Operating Partnerships
Chapter 16: Dispositions of Partnership Interests and Partnership Distributions
Chapter 17: S Corporations
Version 1 3
, McGraw-Hill's Essentials of Federal Taxation
Chapter 1: An Introduction to Tax
answers at the end of every chapters
Student name:
1) The ffollowing fare fa fseries fof ftables fthat fmay fbe freferred fto fin fseveral
fquestions fthroughout fyour ftest. fPlease frefer fto fthese ftables fas fneeded for fas
fdirected. f2023 fTax fRate fSchedules f Individuals Schedule fX-Single
If ftaxable fincome fis fover: But fnot fover: The ftax fis:
$ f0 $ f9,950 10% fof ftaxable fincome
$ f9,950 $ f40,525 $995 fplus f12% fof fthe fexcess fover
$9,950
$ f40,525 $ f86,375 $4,664 fplus f22% fof fthe fexcess fover
$40,525
$ f86,375 $ f164,925 $14,751 fplus f24% fof fthe fexcess fover
$86,375
$ f164,925 $ f209,425 $33,603 fplus f32% fof fthe fexcess fover
$164,925
$ f209,425 $ f523,600 $47,843 fplus f35% fof fthe fexcess fover
$209,425
$ f523,600 — $157,804.25 fplus f37% fof fthe fexcess
over f$523,600
Schedule fY-1-Married fFiling fJointly for fQualifying fWidow(er)
If ftaxable fincome fis fover: But fnot fover: The ftax fis:
$ f0 $ f19,900 10% fof ftaxable fincome
$ f19,900 $ f81,050 $1,990 fplus f12% fof fthe fexcess fover
$19,900
$ f81,050 $ f172,750 $9,328 fplus f22% fof fthe fexcess fover
$81,050
$ f172,750 $ f329,850 $29,502 fplus f24% fof fthe fexcess fover
$172,750
$ f329,850 $ f418,850 $67,206 fplus f32% fof fthe fexcess fover
$329,850
Version 1 4
Edition, 15th Edition By Brian Spilker, Benjamin Ayers, Verified
Chapters 1 - 17, Complete
Version 1 1
, McGraw-Hill's Essentials of Federal Taxation
TABLE OF CONTENTS
Part I: Introduction to Taxation
Chapter 1: An Introduction to Tax
Chapter 2: Tax Compliance, the IRS, and Tax Authorities
Chapter 3: Tax Planning Strategies and Related
Limitations
Part II: Individual Taxation
Chapter 4: ndividual Income Tax Overview, Dependents, and Filing Status
Chapter 5: Gross Income and Exclusions
Chapter 6: Individual For AGI Deductions
Chapter 7: Individual From AGI Deductions
Chapter 8: Individual Income Tax Computation and Tax Credits
Part III: Business-Related Transactions
Chapter 9: Business Income, Deductions, and Accounting Methods
Chapter 10: Property Acquisition and Cost Recovery
Chapter 11: Property Dispositions
Part IV: Entity Overview and Taxation of C Corporations
Chapter 12: Business Entities Overview
Chapter 13: Corporate Formations and Operations
Chapter 14: Corporate Nonliquidating and Liquidating Distributions
Version 1 2
, McGraw-Hill's Essentials of Federal Taxation
Part V: Taxation of Flow-Through Entities
Chapter 15: Forming and Operating Partnerships
Chapter 16: Dispositions of Partnership Interests and Partnership Distributions
Chapter 17: S Corporations
Version 1 3
, McGraw-Hill's Essentials of Federal Taxation
Chapter 1: An Introduction to Tax
answers at the end of every chapters
Student name:
1) The ffollowing fare fa fseries fof ftables fthat fmay fbe freferred fto fin fseveral
fquestions fthroughout fyour ftest. fPlease frefer fto fthese ftables fas fneeded for fas
fdirected. f2023 fTax fRate fSchedules f Individuals Schedule fX-Single
If ftaxable fincome fis fover: But fnot fover: The ftax fis:
$ f0 $ f9,950 10% fof ftaxable fincome
$ f9,950 $ f40,525 $995 fplus f12% fof fthe fexcess fover
$9,950
$ f40,525 $ f86,375 $4,664 fplus f22% fof fthe fexcess fover
$40,525
$ f86,375 $ f164,925 $14,751 fplus f24% fof fthe fexcess fover
$86,375
$ f164,925 $ f209,425 $33,603 fplus f32% fof fthe fexcess fover
$164,925
$ f209,425 $ f523,600 $47,843 fplus f35% fof fthe fexcess fover
$209,425
$ f523,600 — $157,804.25 fplus f37% fof fthe fexcess
over f$523,600
Schedule fY-1-Married fFiling fJointly for fQualifying fWidow(er)
If ftaxable fincome fis fover: But fnot fover: The ftax fis:
$ f0 $ f19,900 10% fof ftaxable fincome
$ f19,900 $ f81,050 $1,990 fplus f12% fof fthe fexcess fover
$19,900
$ f81,050 $ f172,750 $9,328 fplus f22% fof fthe fexcess fover
$81,050
$ f172,750 $ f329,850 $29,502 fplus f24% fof fthe fexcess fover
$172,750
$ f329,850 $ f418,850 $67,206 fplus f32% fof fthe fexcess fover
$329,850
Version 1 4
