AICPA CPA-Regulation 問題集

質問 1：
Tom and Joan Moore, both CPAs, filed a joint 1994 federal income tax return showing $70,000 in taxable income. During 1994, Tom's daughter Laura, age 16, resided with Tom. Laura had no income of her own and was Tom's dependent.
Determine the amount of income or loss, if any that should be included on page one of the Moores'
1994 Form 1040.
Tom received $10,000, consisting of $5,000 each of principal and interest, when he redeemed a Series EE savings bond in 1994. The bond was issued in his name in 1990 and the proceeds were used to pay for Laura's college tuition. Tom had not elected to report the yearly increases in the value of the bond.
A. $1,000
B. $1,500
C. $900
D. $500
E. $10,000
F. $75,000
G. $1,300
H. $55,000
I. $0
J. $25,000
K. $1,250
L. $50,000
M. $3,000
N. $2,500
O. $2,000
正解：I
解説: (Topexam メンバーにのみ表示されます)

質問 2：
Which one of the following statements is correct with regard to an individual taxpayer who has elected to amortize the premium on a bond that yields taxable interest?
A. The bond's basis is increased by the amortization.
B. The amortization is not treated as a reduction of taxable income.
C. The bond's basis is reduced by the amortization.
D. The amortization is treated as an itemized deduction.
正解：C
解説: (Topexam メンバーにのみ表示されます)

質問 3：
Fred Berk bought a plot of land with a cash payment of $40,000 and a mortgage of $50,000. In addition, Berk paid $200 for a title insurance policy. Berk's basis in this land is:
A. $40,200
B. $90,000
C. $90,200
D. $40,000
正解：C
解説: (Topexam メンバーにのみ表示されます)

質問 4：
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 5：
Dale received $1,000 in 1990 for jury duty. In exchange for regular compensation from her employer during the period of jury service, Dale was required to remit the entire $1,000 to her employer in
1990. In Dale's 1990 income tax return, the $1,000 jury duty fee should be:
A. Included in taxable income without a corresponding offset against other income.
B. Deducted from gross income in arriving at adjusted gross income.
C. Claimed as an itemized deduction to the extent exceeding 2% of adjusted gross income.
D. Claimed in full as an itemized deduction.
正解：B
解説: (Topexam メンバーにのみ表示されます)

質問 6：
For a cash basis taxpayer, gain or loss on a year-end sale of listed stock arises on the:
A. Settlement date.
B. Date of receipt of cash proceeds.
C. Date of delivery of stock certificate.
D. Trade date.
正解：D
解説: (Topexam メンバーにのみ表示されます)

質問 7：
Darr, an employee of Sorce C corporation, is not a shareholder. Which of the following would be included in a taxpayer's gross income?
A. The dividend income on shares of stock that the taxpayer received for services rendered.
B. Employer-provided medical insurance coverage under a health plan.
C. The fair market value of land that the taxpayer inherited from an uncle.
D. A $10,000 gift from the taxpayer's grandparents.
正解：A
解説: (Topexam メンバーにのみ表示されます)