Please answer all questions 31) Which of the following relationships does...
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Accounting
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31) Which of the following relationships does NOT pass the relationship test for a qualifying Child? A) Stepsister's daughter. B) Half-brother. C) Cousin D) Stepsister 32) All the following are tests for determining qualifying child status except the A) Gross income test B) Age test C) Support test D) Residence test 33) Which of the following statements regarding dependents is true? To qualify as a dependent of another, an individual must be a resident of the United States. B) To qualify as a dependent of another, an individual may not file a joint return with the individual's spouse under any circumstance. To qualify as a dependent of another, an individual must have a family relationship with the other person. To qualify as a dependent of another, an individual must be either a D) qualifying child or a qualifying relative of the other person. 34) Jamison's gross tax liability is $7,000. Jamison had $2,000 of available credits and he had $4,000 of taxes withheld by his employer. What is Jamison's taxes due (or taxes refunded) with his tax return? A) $5,000 taxes due. B) $1,000 taxes due. C) $1,000 tax refund. D) $3,000 taxes due. 35) Which of the following statements regarding tax credits is true? Tax credits reduce taxable income dollar for dollar. Tax credits provide a greater tax benefit the greater the Taxpayer's marginal tax rate. Tax credits reduce taxes payable dollar for dollar. None of these statements is true. A) B) C) D)
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