题目内容（请给出正确答案）

[主观题]

Which of the following items are included in the computation of the sole proprietorsh

ip's taxable income？

I.Charitable contributions.

II.Section 1231 gains and losses.

III.Investment income and expenses.()

A、Only statement I is correct

B、Only statement II is correct

C、Statements I, II, and III are correct

D、Only statement III is correct

E、None are correct

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更多“Which of the following items a…”相关的问题

第1题

Patti sells a painting that has a fair market value of $9,000 to James for $6,000.Whic

h of the following statements about the tax effect of the sale is/are correct?

I.If James is an employee of Patti's, no income is recognized from the sale.II.If James is Patti's brother, James does not recognize any income from the sale.III.If Patti is an art dealer and she sold the painting to James because she needed cash quickly, James does not recognize any income from the sale.IV.If James owns 60% of Patti's company, James does not recognize any income from the sale.()

A、Only statement II is correct

B、Only statement III is correct

C、Only statements II, and III are correct

D、Only statements II, III, and IV are correct

E、Statements I, II, III, and IV are correct

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第2题

Which of the following qualifies as a like－kind exchange of propertyI.Commercial retail

Which of the following qualifies as a like-kind exchange of property

I.Commercial retail building and its land for an office building and its land.

II.Louisiana Oil, Inc.common stock for Louisiana Oil, Inc.corporate bonds.()

A、Only statement I is correct

B、Only statement II is correct

C、Both statements are correct

D、Neither statement is correct

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第3题

Periodic capital recovery deductions for tax purposes includeI.Depletion.II.Amortization.III.Depreciation.IV.Proration.()

A、Statements I and III are correct

B、Only statement I is correct

C、Statements I, II and III are correct

D、Statements I, II, and IV are correct

E、Statements I, II, III, and IV are correct

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第4题

Ward and June are in the 32% tax bracket.Included in their assets is a Dell Computer

Corporation bond with a face value of $10,000.The bond pays $1,000 a year in interest.Ward and June gift the bond to their son, Wally (age 19), on January 1, 2018.Wally is in the 12% tax bracket.The 2018 net tax savings for the family unit of Ward, June and Wally related to the transfer of the bond is.()

A、$0

B、$120

C、$200

D、$320

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第5题

In what circumstances would some portion of the Social Security benefits received by a single taxpayer be subject to taxation? Assume that all sources of income are listed.()

A、Taxpayer's only income consists of $24,000 in Social Security benefits

B、Taxpayer receives $12,000 in Social Security benefits, dividend income of $6,000, and municipal bond interest of $3,000

C、Taxpayer receives $10,000 in Social Security benefits, qualified pension plan benefits of $13,000, and municipal bond interest of $8,000

D、Taxpayer receives $20,000 in Social Security benefits and qualified pension plan benefits of $14,000

E、One-half of Social Security benefits are always taxable

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第6题

Milton is experiencing cash flow problems during the current year.He owes $12,000 on h

is credit card.The credit card company agrees to reduce the debt to $9,000.Prior to the debt reduction, Milton's total assets were $40,000 and his total liabilities were $39,000.How much income must Milton recognize from the reduction of his credit card balance.()

A、0

B、$1,000

C、$2,000

D、$3,000

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第7题

Hilda, age 11, earns wages of $2,700 from her modeling.Since the funds are collected b

y Hilda's father and used for Hilda's living expenses, her father intends to include it in his gross income.

I.The Assignment of Income Doctrine prohibits the father from recognizing the $2,700.

II.Even if Hilda desired to gift the $2,700 to her father, Hilda must recognize the income she earned.()

A、Only statement I is correct

B、Only statement II is correct