11-13 JH TP

11. If a taxpayer receives a free tour from a travel agency, they must include
the ___as income
1. I put FMV.
2. Out of pocket expense.
3. Length
4. Place
12. Select the taxes that are allowed as Itemized Deductions on Schedule A:
1. Real estate taxes, foreign taxes, federal excise taxes.
2. Sales taxes, personal property taxes, stamp taxes.
3. State income taxes, personal property taxes.
4. State income taxes, federal excise taxes, RE taxes. I put #4
13. Anton and his wife have been US citizens and are filing a joint return. They
have a daughter Cindy. In which of the following situations does Cindy not meet
the Citizen or Resident Tax for dependency.
1. She was born in Japan.
2. She lived with Marie in Denmark all year while Anton lived in the U.S.
3. She is actually their adopted daughter who lived them all year, but she is not
a US citizen or resident.
4. Cindy meets the test in all of the above situations. I put #4

Parking

"Most cities have too few parking spaces for the number of cars who need (or want) them, so competition is fierce. If you must park in the center of town regularly, you'll find hordes of meter maids and police officers waiting to pounce on your car the moment you walk away, just waiting for the flag to pop up.

One way to avoid a ticket is to leave the hood up, as if you had a breakdown. This may fool some police officers. Another common trick is to put an old parking ticket under your windshield wiper before you walk away. (This ploy may fool a young police officer just out of the academy, but don't count on it working with experienced patrol officers)."

This is what Victor said.

Score

"The lie score, which estimates the truthfulness of your answers, is crucial to determining whether you pass or fail the test. The answers you give to questions dealing with minor problems and failings add up to determine your lie score. Some questions will ask whether you ever get headaches, argue with your wife, tell lies, or think about committing a crime. Try to paint a believable picture of yourself with answers....You can even admit to having thought about committing a minor crime at one time or another, but never admit to having thought about doing a major crime, such as rape or robbery. If you admit to that, you'll find it counts heavily against you.

The lie score is often expressed as a percentage value. If you deny more than 25% of the minor points, psychologists assume that you are being deceptive. The higher percentage you get on the deception scale, the less likely that your other answers are truthful, according to the psychologists."

This is what Victor said.