Popular Practice Tests

Us Taxation Online Practice Tests for Free 327687

No. of Questions : 15
Test Name: US TAXATION
Time Spent : 00:00:00

1.The Rites are married, file a joint income tax return, and qualify to itemize their deductions in the current year. Their adjusted gross income for the year was $55,000, and during the year they paid the following taxes:
Real estate tax on personal residence $2,000
Ad valorem tax on personal automobile 500
Current-year state and city income taxes withheld from paycheck 1,000
What total amount of the expense should the Rites claim as an itemized deduction on their current-year joint income tax return?

NOTE :-

  • Each right answer carries 1 mark(s) & wrong answer carries - 0 mark(s).
  • Don't Refresh the page Once you start the exam.
  • No mark will be deducted for unanswered questions.
  • Though immense care has been taken while publishing this test, still if you face any subject/language/format/technical error, you are requested to notify us.Your small gesture will help us give more value to other users..

Please Report Us

All rights reserved © 2018 Wisdom IT Services India Pvt. Ltd DMCA.com Protection Status

US Taxation Tutorial