Finance

The standard deduction is smallest for

Started by karateprodigy

The standard deduction (assuming you are not over 65 or blind) is largest for

Started by pragya sharda

The ________ is a fixed amount deducted from adjusted gross income to determine taxable income.

Started by naturalchemist

Employee contributions to qualified Individual Retirement Accounts (IRAs) and interest paid on ...

Started by fbq8i

A long-term capital gain results from profit on the sale of capital assets that were held 12 months or more.

Started by appyboo

The timing on the sale of an investment asset earning a capital gain makes little or no difference ...

Started by arivle123

All interest and dividends received by an individual taxpayer are taxable.

Started by Chelseaamend

Gross income consists of all reportable income from any source.

Started by gonzo233

Lucky Louie earned $100,000 salary this year, had total itemized deductions of $10,000, one personal ...

Started by Redwolflake15

Which of the following is not includable in gross income for Federal income tax purposes?

Started by wenmo

Reductions of gross income for such items as individual retirement accounts (IRAs), moving expenses, ...

Started by ssal

For qualified individuals, a contribution to a traditional IRA (Individual Retirement Account) is a(n)

Started by shenderson6

Jake invested $800 in an IRA. If he has a 15% marginal tax rate and the contribution is tax ...

Started by Bob-Dole

Gross income and adjusted gross income can be the same if you do not have any special adjustments. ...

Started by leo leo

Jane purchased General Motors stock seven years ago for $20,000. In 2015, she sold the stock for ...

Started by laurencescou

If a stock was purchased for $5,000 in January 2015 and is sold in December 2015 for $3,000, a ...

Started by danielfitts88

If a stock was purchased in January 2014 for $1,000 and sold in December 2015 for $3,000, a ________ ...

Started by ENagel

If you were to receive $100,000 from a corporation, the most tax-efficient way to receive it would be as

Started by NguyenJ

Income earned from the sale of an asset for more than you paid for it is classified as a(n)

Started by aabwk4

Interest income would come from earnings on

Started by iveyjurea

Which of the following is notsubject to immediate taxation?

Started by JMatthes

All of the following are types of nontaxable income except

Started by Evvie72

Which of the following is nottaxable for income tax purposes?

Started by itsmyluck

Which of the following gross income is nottaxable income?

Started by vinney12

Gross income includes all of the following except

Started by kfurse