Registered Tax Return Preparer Test

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An unmarried taxpayer gives an aging parent all the assistance required for them to live independently in a separate residence. The parent is being listed as a dependent by the taxpayer. Which of the following filing statuses is permitted for the taxpayer to use when filing and is typically best for the taxpayer to use?

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In general, which of the following payments is taxable?

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In the event that a taxpayer's total itemized deductions are greater than...

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A tax payer wins $10,000 at a casino. $500 is deducted by the casino for federal income taxes. What should the taxpayer do in terms of taxes?

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The taxpayer paid $2,000 in loan interest on a recreational van with sleeping, cooking, and bathroom amenities in addition to $5,000 in mortgage interest on a principal property, $1,500 on a vacation home, and $1,500 on a vacation home. What is the maximum mortgage interest deduction for taxpayers?

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Which of the following is subject to self-employment tax?

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A taxpayer paid $15,827 in mortgage interest on a house that belonged to someone else and in which the taxpayer had no ownership stake. What percentage of interest may the taxpayer deduct?

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