AICPA CPA-Regulation 問題集

質問 1：
Which of the following sales should be reported as a capital gain?
A. Sale of equipment.
B. Government bonds sold by an individual investor.
C. Real property subdivided and sold by a dealer.
D. Sale of inventory.
正解：B
解説: (Topexam メンバーにのみ表示されます)

質問 2：
Capital assets include:
A. Seven-year MACRS property used in a corporation's trade or business.
B. A corporate real estate developer's unimproved land that is to be subdivided to build homes, which will be sold to customers.
C. A manufacturing company's investment in U.S. Treasury bonds.
D. A corporation's accounts receivable from the sale of its inventory.
正解：C
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質問 3：
Which payment(s) is(are) included in a recipient's gross income?
I. Payment to a graduate assistant for a part-time teaching assignment at a university. Teaching is not a requirement toward obtaining the degree.
II. A grant to a Ph.D. candidate for his participation in a university-sponsored research project for the benefit of the university.
A. I only.
B. Both I and II.
C. Neither I nor II.
D. II only.
正解：B
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質問 4：
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)

質問 5：
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.
Tom received $10,000, consisting of $5,000 each of principal and interest, when he redeemed a Series EE savings bond in 1994. The bond was issued in his name in 1990 and the proceeds were used to pay for Laura's college tuition. Tom had not elected to report the yearly increases in the value of the bond.
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 6：
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 1994, Joan received $1,300 in unemployment compensation benefits. Her employer made a $100 contribution to the unemployment insurance fund on her behalf.
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：G
解説: (Topexam メンバーにのみ表示されます)

質問 7：
The uniform capitalization method must be used by:
I. Manufacturers of tangible personal property.
II. Retailers of personal property with $2 million dollars in average annual gross receipts for the 3 preceding years.
A. I only.
B. Both I and II.
C. Neither I nor II.
D. II only.
正解：A
解説: (Topexam メンバーにのみ表示されます)