a.
0
b.
1
c.
2
d.
3
e.
None of these
ANSWER:
b
66. Which of the following is a true statement with respect to the gross income test for claiming a qualifying relative as a dependent?
a.
The relative must receive less than $4,300 of gross income in order to qualify.
b.
The gross income test does not have to be met provided the relative is under age 19 at the end of the tax year.
c.
The gross income test does not have to be met provided the relative is under age 24 at the end of the tax year.
d.
The gross income test does not have to be met provided the relative is a student.
e.
All choices are correct
ANSWER:
a
67. Albert and Louise, ages 66 and 64, respectively, filed a joint return for 2020. They provided all of the support for their blind 19-year-old son, who had no gross income. They also provided the total support of Louise's father, who is a citizen and life-long resident of Peru. What is the amount of the credit for other dependents that Albert and Louise can claim?
a.
$0
b.
$500
c.
$1,000
d.
$2,000
e.
None of these
ANSWER:
b
68. Which of the following relatives will not satisfy the relationship test for the dependency?
a.
Sister
b.
Adopted child
c.
Aunt
d.
Parent
e.
All of the above satisfy the test
ANSWER:
e
69. Which of the following is not a test that must be met for a child to be considered a dependent?
a.
Age test
b.
Domicile test
c.
Citizenship test
d.
Relationship test
e.
Nexus test
ANSWER:
e
70. Mr. and Mrs. Vonce, both age 62, file a joint return for 2020. They provided all the support for their daughter who is 19 years old, legally blind, and who earns no income. Their son, age 21 and a full-time student at a university, had $4,300 of income and provided 70 percent of his own support during 2020. What is the other dependent credit Mr. and Mrs. Vonce may claim on their 2020 tax return?
a.
$0
b.
$500
c.
$1,000
d.
$2,000
e.
None of these
ANSWER:
b
71. Taxpayers who are blind get the benefit of:
a.
An extra exemption.
b.
An additional amount added to their standard deduction.
c.
Two standard deductions.
d.
None of these.
ANSWER:
b
72. Martin, a 50-year-old single taxpayer, paid the full cost of maintaining his dependent mother in a home for the aged for the entire year. What is the amount of Martin's standard deduction for 2020?
a.
$12,400
b.
$18,650
c.
$19,950
d.
$24,800
e.
None of these
ANSWER:
b
73. Jill is a 16-year-old child who is claimed as a dependent by her parents. Jill's only income is $1,400 from her bank savings account. What is the amount of Jill's standard deduction for 2020?
a.
$1,200
b.
$1,100
c.
$1,750
d.
$12,200
e.
None of these
ANSWER:
b
74. Your standard deduction will be $12,400 in 2020 if you are:
a.
Single and 67 years old.
b.
Single and 45 years old.
c.
Single, 27 years old, and blind.