PLEASE ANSWER QUESTIONS BELOW:

Question 200

The taxpayer can deduct alimony he or she paid, whether or not he or she itemizes deductions on the return. If the taxpayer does not provide the spouse's Social Security number, the deduction may be disallowed and he or she may have to pay a penalty for what amount?

$50

$100

$150

$200

Question 182

Heidi received a scholarship of $2,500. The scholarship was not received under either the National Health Service Corps Scholarship Program or the Armed Forces Health Professions Scholarship and Financial Assistance Program. As a condition for receiving the scholarship, Heidi must serve as a part-time teaching assistant. Of the $2,500 scholarship, $1,000 represents payment for teaching. The provider of her scholarship gives Heidi a Form W-2 showing $1,000 as income. Her qualified education expenses were $2,000. Assuming that all other conditions are met, what portion of Heidis scholarship is taxable?

$0

$500

$1,000

$2,000

Question 183

Wayne was a bona fide resident of Brazil for all of 2015 and 2016. He reports his income on the cash basis. In 2015, he was paid $85,800 for work he did in Brazil during that year. He excluded all of the $85,800 from his income in 2015. In 2016, Wayne was paid $117,300 for his work in Brazil. $18,800 was for work he did in 2015 and $98,500 was for work he did in 2016. What amount of the 2015 income received in 2016 can Wayne exclude from his 2016 income tax return?

$0

$10,900

$15,000

$18,800

Question 184

An employer can exclude the value of lodging he or she furnishes to an employee from the employee's wages for all of the following reasons except:

It is furnished on the business premises

It is furnished for the employers convenience

The employee must accept it as a condition of employment

The employer will allow the employee to choose to receive additional pay instead of lodging

Question 186

Chad is employed as a flight attendant for a company that owns both an airline and a hotel chain. His employer allows him to take personal flights (if there is an unoccupied seat) and stay in any one of their hotels (if there is an unoccupied room) at no cost to him. What amounts must Chad include in his income?

The value of the flight

The value of the hotel room

Both the value of the flight and the hotel room

Neither the value of the flight nor the hotel room

Question 187

An employer cannot exclude from the wages of a highly compensated employee any part of the value of a discount that is not available on the same terms to all employees. For this exclusion, a highly compensated employee for 2016 is an employee who was a 5% owner at any time during the year or the preceding year or received more than what amount in pay for the preceding year?

$100,000

$120,000

$125,000

$145,000

Question 188

In addition to the annual exclusion of $14,000, a taxpayer also can give which of the following without triggering the gift tax?

Gifts to a political organization for its use

Gifts to cover educational expenses

Gifts used to pay for medical expenses

All of the above

Question 189

When Aaron, age 25, graduated from college last year he had $5,000 left in his Coverdell ESA. He wanted to give this money to his younger sister, who was still in high school. Aaron contributed the same amount ($5,000) to his sister's Coverdell ESA within 60 days of the distribution. What amount of the distribution is taxable?

$0

$1,000

$2,500

$5,000

Question 190

In 2016, employers may reimburse bicycle commuters up to what amount per month tax free for each qualified bicycle commuting month a bicycle is used for transportation between the employee's home and place of employment?

$10

$15

$20

$25