REG 무료 덤프문제 온라인 액세스

Which of the following statements is the best definition of real property?

• A.Real property is land and intangible property in realized form.
• B.Real property is all tangible property including land.
• C.Real property is only land.
• D.Real property is land and everything permanently attached to it.

Which of the following statements is the best definition of real property?

• A.Real property is land and intangible property in realized form.
• B.Real property is all tangible property including land.
• C.Real property is only land.
• D.Real property is land and everything permanently attached to it.

Porter was unemployed for part of the year. Porter received $35,000 of wages, $4,000 from a state
unemployment compensation plan, and $2,000 from his former employer's company-paid supplemental
unemployment benefit plan. What is the amount of Porter's gross income?

• A.$41,000
• B.$35,000
• C.$39,000
• D.$37,000

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's 1994 wages were $53,000. In addition, Tom's employer provided group-term life insurance on
Tom's life in excess of $50,000. The value of such excess coverage was $2,000.

• A.$900
• B.$10,000
• C.$25,000
• D.$500
• E.$55,000
• F.$50,000
• G.$2,500
• H.$1,500
• I.$0
• J.$75,000
• K.$3,000
• L.$2,000
• M.$1,250
• N.$1,000
• O.$1,300

Fred Berk bought a plot of land with a cash payment of $40,000 and a mortgage of $50,000. In addition,
Berk paid $200 for a title insurance policy. Berk's basis in this land is:

• A.$40,000
• B.$40,200
• C.$90,000
• D.$90,200