76. Benjamin, who files as a single taxpayer,

76. Benjamin, who files as a single taxpayer, has $359,900 taxable income in 2011. Compute his regular tax

liability.

A. $103,664

B. $110,551

C. $118,767

D. None of the above

77. Alice is an unmarried individual. She has $182,340 taxable income in 2011. Compute Alice’s regular tax

liability if she files as a single taxpayer and if she files as a head of household.

A. Single $41,827; head of household $39,892

B. Single $60,172; head of household $51,055

C. Single $45,119; head of household $42,230

D. None of the above

78. Ms. Kilo is an unmarried individual. She has $219,344 taxable income in 2011. Compute Ms. Kilo’s

regular tax liability if she files as a single taxpayer and if she files as a surviving spouse.

A. Single $57,500; surviving spouse $61,924

B. Single $57,281; surviving spouse $54,174

C. Single $43,896; surviving spouse $49,838

D. None of the above

79. Which of the following statements regarding the calculation of regular tax liability is false?

A. The rate schedule for calculating regular tax liability depends on the taxpayer’s filing status.

B.

All taxpayer, regardless of the amount of their taxable income, pay a 10% tax on their first bracket of

income.

C. The individual tax rate schedules are adjusted annually for inflation.

D.

The tax brackets in the single rate schedule are one-half of the brackets in the married-filing-jointly

rate schedule.

80. Which of the following statements regarding the calculation of regular tax liability is false?

A. Regardless of filing status, the highest marginal rate for individual taxpayers is 35%.

B. The individual tax rate schedules are adjusted annually for inflation.

C.

The tax brackets in the married-filing-separately rate schedule are one-half of the brackets in the

married-filing-jointly rate schedule.

D. None of the above is false.

81. Mr. and Mrs. David file a joint tax return. They have $169,300 taxable income in 2011, $120,300 of

which is ordinary income and $49,000 of which is taxed at a 15% preferential rate. Compute their tax

savings from the preferential rate.

A. $6,370

B. $5,799

C. $4,900

D. None of the above.

82. Mr. and Mrs. Daniels had the following income items in 2011:

Mr. and Mrs. Daniels have no dependents and claim the standard deduction. Compute their income tax

liability on a joint return.

A. $20,585

B. $21,363

C. $22,248

D. $23,559

83. Linda and Raj are engaged to be married. Linda’s 2011 taxable income as a single individual would

$83,500. Raj’s 2011 taxable income as a single individual would be $118,000. When they marry before

the end of 2011, how much of a marriage penalty will they incur?

A. $0

B. $388

C. $833

D. None of the above

84. Which of the following situations result in a marriage penalty for federal income tax purposes?

A.

Mr. and Mrs. Gooding, who have filed a joint return for 11 years, divorce before the end of the tax

year.

B.

Mr. Dylan, who is a head of household, marries Ms. Boyle, who has no taxable income, before the end

of the tax year.

C.

Mr. and Mrs. Small, who have filed a joint return for 20 years, elect to file separate tax returns this

year.

D.

Mr. Langley, a single taxpayer, marries Ms. Nuyen, also a single taxpayer. Both individuals earn a

salary in excess of $100,000.

85. Mr. and Mrs. Kain reported $80,000 AGI on their joint return. The couple has four dependent children:

Beatrice, age 19; Bruce, age 16; Angie, age 11, and Arnold, age 8. Compute the Kains’ child credit.

A. $1,000

B. $2,000

C. $3,000

D. $4,000

86. Mr. and Mrs. Cox reported $115,900 AGI on their joint return. The couple has three dependent children

under age 17. Compute their child credit.

A. $0

B. $2,100

C. $2,700

D. $3,000

87. Mr. and Mrs. Lansing, who file a joint tax return, have four dependent children under age 17. Which of

the following statements is false?

A. If the Lansings’ AGI is $77,900, their child credit is $4,000.

B. If the Lansings’ AGI is $127,300, their child credit is $3,100.

C. If the Lansings’ AGI is $196,000, their child credit is zero.

D. None of the above is false.

88. Lennie and Margo spent $2,800 for child care for their 7-year-old son. Lennie’s earned income was

$41,000, Margo’s earned income was $24,800, and the AGI on their joint return was $71,200. Calculate

their dependent care credit.

A. $0

B. $560

C. $980

D. $2,800

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