Which of the following recent tax changes is not scheduled to expire after 2025?

Which of the following tax forms are used by individuals in 2020?

Typical corporate income is reported on:

On which of these would capital gain income be reported?

Which of the following is a deduction for adjusted gross income in 2020?

All of the following are itemized deductions in 2020 except:

Ramon, a single taxpayer with no dependents, has adjusted gross income for 2020 of $98,000 and his itemized deductions total $9,000. What taxable income will Ramon show in 2020?

Ben, a single taxpayer with no dependents, is 32 years old. What is the minimum amount of income that he must have to be required to file a tax return for 2020 assuming he has no earnings from self-employment?

Joan, who was divorced in 2020, had filed a joint tax return with her husband in 2019. During 2020, she did not remarry and continued to maintain her home in which her five dependent children lived. In the preparation of her tax return for 2020, Joan should file as:

Glenda, a single taxpayer from Kansas, paid for more than one-half of the support for her mother, Dorothy. Dorothy did not live with Glenda in Kansas, but rather has lived in a nursing home in an adjacent state since Dorothy's husband died three years ago. Glenda's filing status should be:

Margaret and her sister support their mother and together provide 85 percent of their mother's support. If Margaret provides 40 percent of her mother's support:

Kardi, age 65, and Kanye, age 62, are married with a 23-year-old daughter who lives in their home. They provide over half of their daughter's support, and their daughter earned $4,600 this year from a part-time job. Their daughter is not a full-time student. The daughter can/cannot be claimed as a dependent because:

Yasmine and her spouse Carlos, who file married filing jointly, provide all the support for their 16-year-old son, Miguel. If Miguel qualifies as a qualifying child under the dependent rules, Yasmine and Carlos will be able to claim

Lakota and Dominique file married filing jointly and have a 13-year-old daughter. They also provide 25 percent of the support for Lakota’s 82-year-old mother, who lives in a nursing home nearby. The amount of the combined child tax credit and other dependent credit for Lakota and Dominique is:

Which of the following taxpayers is not eligible for an economic impact payment in 2020?

As a married couple, Yihong and Kaylee’s EIP was $2,400. In 2020, they computed their recovery rebate credit as $2,900 due to the birth of a child in 2020. The 2020 net impact of the EIP and RRC will be to:

Morgan is 65 years old and single. He supports his father, who is 90 years old, blind, and has no income. What is Morgan's standard deduction?

Taxpayers who are 65 or older get the benefit of:

Taxpayers who are blind get the benefit of:

Which of the following is not a capital asset to an individual taxpayer?

Joyce purchased General Electric stock 4 years ago for $10,000. In the current year, she sells the stock for $25,000. What is Joyce’s gain or loss?

Alex purchased a rental house 4 years ago for $270,000. Her depreciation at the time of the sale is $40,000. Due to a decrease in real estate prices, she sells the house for only $240,000 in 2020. What is her gain or loss for tax purposes?

Dorit, a single taxpayer, has a long-term capital loss of $7,000 on the sale of bonds in 2020 and no other capital gains or losses. Her taxable income without this transaction is $43,000. What is her taxable income considering this capital loss?