AICPA CPA-Regulation 問題集

質問 1：
Conner purchased 300 shares of Zinco stock for $30,000 in 1980. On May 23, 1994, Conner sold all the stock to his daughter Alice for $20,000, its then fair market value. Conner realized no other gain or loss during 1994. On July 26, 1994, Alice sold the 300 shares of Zinco for $25,000.
What amount of the loss from the sale of Zinco stock can Conner deduct in 1994?
A. $5,000
B. $10,000
C. $0
D. $3,000
正解：C
解説: (Topexam メンバーにのみ表示されます)

質問 2：
Adams owns a second residence that is used for both personal and rental purposes. During 2001, Adams used the second residence for 50 days and rented the residence for 200 days. Which of the following statements is correct?
A. A rental loss may be deducted if rental-related expenses exceed rental income.
B. Depreciation may not be deducted on the property under any circumstances.
C. All mortgage interest and taxes on the property will be deducted to determine the property's net income or loss.
D. Utilities and maintenance on the property must be divided between personal and rental use.
正解：D
解説: (Topexam メンバーにのみ表示されます)

質問 3：
Tom and Joan Moore, both CPAs, filed a joint 1994 federal income tax return showing $70,000 in taxable income. During 1994, Tom's daughter Laura, age 16, resided with Tom. Laura had no income of her own and was Tom's dependent.
Determine the amount of income or loss, if any that should be included on page one of the Moores'
1994 Form 1040.
In 1992, Joan received an acre of land as an inter-vivos gift from her grandfather. At the time of the gift, the land had a fair market value of $50,000. The grandfather's adjusted basis was $60,000. Joan sold the land in 1994 to an unrelated third party for $56,000.
A. $1,000
B. $1,500
C. $900
D. $500
E. $10,000
F. $75,000
G. $1,300
H. $55,000
I. $0
J. $25,000
K. $1,250
L. $50,000
M. $3,000
N. $2,500
O. $2,000
正解：I
解説: (Topexam メンバーにのみ表示されます)

質問 4：
Clark bought Series EE U.S. Savings Bonds after 1989. Redemption proceeds will be used for payment of college tuition for Clark's dependent child. One of the conditions that must be met for tax exemption of accumulated interest on these bonds is that the:
A. Purchaser of the bonds must be the sole owner of the bonds (or joint owner with his or her spouse).
B. Bonds must be bought by a parent (or both parents) and put in the name of the dependent child.
C. Bonds must be bought by the owner of the bonds before the owner reaches the age of 24.
D. Bonds must be transferred to the college for redemption by the college rather than by the owner of the bonds.
正解：A
解説: (Topexam メンバーにのみ表示されます)

質問 5：
Among which of the following related parties are losses from sales and exchanges not recognized for tax purposes?
A. Father-in-law and son-in-law.
B. Brother-in-law and sister-in-law.
C. Grandfather and granddaughter.
D. Ancestors, lineal descendants, and all in-laws.
正解：C
解説: (Topexam メンバーにのみ表示されます)

質問 6：
Freeman, a single individual, reported the following income in the current year:
Guaranteed payment from services rendered to a partnership $50,000
Ordinary income from a S corporation $20,000
What amount of Freeman's income is subject to self-employment tax?
A. $20,000
B. $70,000
C. $0
D. $50,000
正解：D
解説: (Topexam メンバーにのみ表示されます)

質問 7：
Hall, a divorced person and custodian of her 12-year old child, filed her 1990 federal income tax return as head of a household. She submitted the following information to the CPA who prepared her
1990 return:
* The divorce agreement, executed in 1983, provides for Hall to receive $3,000 per month, of which
$600 is designated as child support. After the child reaches 18, the monthly payments are to be reduced to $2,400 and are to continue until remarriage or death. However, for the year 1990, Hall received a total of only $5,000 from her former husband. Hall paid an attorney $2,000 in 1990 in a suit to collect the alimony owed.
* In June 1990, Hall's mother gifted her 100 shares of a listed stock. The donor's basis for this stock, which she bought in 1970, was $4,000, and market value on the date of the gift was $3,000. Hall sold this stock in July 1990 for $3,500. The donor paid no gift tax.
* During 1990, Hall spent a total of $1,000 for state lottery tickets. Her lottery winnings in 1990 totaled $200.
* Hall earned a salary of $25,000 in 1990. Hall was not covered by any type of retirement plan, but contributed $2,000 to an IRA in 1990.
* In 1990, Hall sold an antique that she bought in 1980 to display in her home. Hall paid $800 for the antique and sold it for $1,400, using the proceeds to pay a court-ordered judgment.
* Hall paid the following expenses in 1990 pertaining to the home that she owns: realty taxes,
$3,400; mortgage interest, $7,000; casualty insurance, $490; assessment by city for construction of a sewer system, $910; interest of $1,000 on a personal, unsecured bank loan, the proceeds of which were used for home improvements. Hall does not rent out any portion of the home.
What amount should be reported in Hall's 1990 return as alimony income?
A. $5,000
B. $0
C. $36,000
D. $28,800
正解：B
解説: (Topexam メンバーにのみ表示されます)