TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 1) 1) An example of an AMT tax preference item is the excess of MACRS depreciation on equipment over depreciation computed by using the 150% declining balance method. 2) 2) A larger work opportunity credit is available for employers who hire any veteran of the U.S. military. 3) Self-employed individuals are subject to the self-employment tax if their net earnings are more than $600. 3) 4) 4) Jay and Cara's daughter is starting her freshman year of college. Jay and Cara will be able to claim the American Opportunity Tax Credit for a percentage of the cost of tuition, required fees and course materials, but the room and board charges will not qualify for the credit. 5) 5) Business energy tax credits are available to businesses that invest in energy-conserving solar energy properties. 6) 6) Appeals from the Court of Appeals go to the Supreme Court under a writ of certiorari. The Supreme Court decides whether or not they will hear the case. 7) According to the Statements on Standards for Tax Services, CPAs must verify all tax return information submitted by reviewing client documentation. 7) 8) The Lifetime Learning Credit is partially refundable. 8) 9) Tax planning is not an integral part of open-fact situations. 9) 10) All tax-exempt bond interest income is classified as an AMT preference. 10)