AICPA CPA-Regulation 問題集

質問 1：
Adams owns a second residence that is used for both personal and rental purposes. During 2001, Adams used the second residence for 50 days and rented the residence for 200 days. Which of the following statements is correct?
A. A rental loss may be deducted if rental-related expenses exceed rental income.
B. Depreciation may not be deducted on the property under any circumstances.
C. All mortgage interest and taxes on the property will be deducted to determine the property's net income or loss.
D. Utilities and maintenance on the property must be divided between personal and rental use.
正解：D
解説: (Topexam メンバーにのみ表示されます)

質問 2：
Ryan, age 57, is single with no dependents. On July 1, 1997, Ryan's principal residence was sold for the net amount of $500,000 after all selling expenses. Ryan bought the house in 1963 and occupied it until sold. On the date of sale, the house had a basis of $180,000. Ryan does not intend to buy another residence. What is the maximum exclusion of gain on sale of the residence that may be claimed in Ryan's 1997 income tax return?
A. $250,000
B. $0
C. $125,000
D. $320,000
正解：A
解説: (Topexam メンバーにのみ表示されます)

質問 3：
Porter was unemployed for part of the year. Porter received $35,000 of wages, $4,000 from a state unemployment compensation plan, and $2,000 from his former employer's company-paid supplemental unemployment benefit plan. What is the amount of Porter's gross income?
A. $41,000
B. $37,000
C. $39,000
D. $35,000
正解：A
解説: (Topexam メンバーにのみ表示されます)

質問 4：
Capital assets include:
A. Seven-year MACRS property used in a corporation's trade or business.
B. A corporate real estate developer's unimproved land that is to be subdivided to build homes, which will be sold to customers.
C. A manufacturing company's investment in U.S. Treasury bonds.
D. A corporation's accounts receivable from the sale of its inventory.
正解：C
解説: (Topexam メンバーにのみ表示されます)

質問 5：
The uniform capitalization method must be used by:
I. Manufacturers of tangible personal property.
II. Retailers of personal property with $2 million dollars in average annual gross receipts for the 3 preceding years.
A. I only.
B. Both I and II.
C. Neither I nor II.
D. II only.
正解：A
解説: (Topexam メンバーにのみ表示されます)

質問 6：
Wallace purchased 500 shares of Kingpin, Inc. 15 years ago for $25,000. Wallace has worked as an owner/employee and owned 40% of the company throughout this time. This year, Kingpin, which is not an S corporation, redeemed 100% of Wallace's stock for $200,000. What is the treatment and amount of income or gain that Wallace should report?
A. $200,000 long-term capital gain.
B. $175,000 ordinary income.
C. $0
D. $175,000 long-term capital gain.
正解：D
解説: (Topexam メンバーにのみ表示されます)

質問 7：
During 2001, Adler had the following cash receipts:

What is the total amount that must be included in gross income on Adler's 2001 income tax return?
A. $18,000
B. $18,400
C. $19,900
D. $19,500
正解：D
解説: (Topexam メンバーにのみ表示されます)