Scribd
Upload
173 views13 pages

Chapter 13 - Principles of Deductions

This document contains several chapters on principles of deductions, itemized deductions, and the standard deduction. It includes multiple choice questions, true/false questions, and exercise drills on these topics. The chapters cover regular and special itemized deductions, net operating loss carry-overs, and the optional standard deduction. Various calculations and determinations are practiced through the drills and questions.

Uploaded by

jell
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
173 views13 pages

Chapter 13 - Principles of Deductions

This document contains several chapters on principles of deductions, itemized deductions, and the standard deduction. It includes multiple choice questions, true/false questions, and exercise drills on these topics. The chapters cover regular and special itemized deductions, net operating loss carry-overs, and the optional standard deduction. Various calculations and determinations are practiced through the drills and questions.

Uploaded by

jell
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 13

CHAPTER 13 – PRINCIPLES OF DEDUCTIONS

EXERCISE DRILL 1

1. PE
2. BE
3. BE
4. PE
5. PE
6. BE
7. PE
8. BE
9. BE
10. PE
11. PE
12. BE
13. PE
14. BE
15. BE

EXERCISE DRILL 2

1. - , - , 200K
2. 25K, 50K, 50K
3. -, 200K, -
4. -, 200K, -
5. 100K, 100K, -

EXERCISE DRILL 3

1. 1960000

EXERCISE DRILL 4
EXERCISE DRILL 5

1. NDE
2. DE
3. CE
4. NDE
5. CE
6. NDE
7. CE
8. NDE
9. DE
10. CE
11. NDE
12. NDE
13. NDE
14. NDE
15. NDE
16. DE
17. CE
18. CE
19. CE
20. DE
21. DE
22. DE
23. NDE
24. NDE
25. NDE
26. NDE
27. DE
28. NDE
29. NDE
30. NDE

TRUE OR FALSE 1

1. T
2. F
3. F
4. T
5. F
6. T
7. T
8. F
9. F
10. T

TRUE OR FALSE 2

1. F
2. T
3. T
4. F
5. T
6. F
7. T
8. F
9. F
10. F

MC- THEORY: PART 1

1. C
2. A
3. A
4. A
5. C
6. B
7. B
8. B
9. B
10. C
11. D
12. D
13. B
14. D
15. B
16. D
17. A
18. A
19. B
20. D
21. D
22. C
23. C
24. D
25. C

MC- THEORY: PART 2

1. D
2. D
3. A
4. B
5. B
6. A
7. D
8. D
9. D
10. A
11. D
12. D
13. C
14. C
15. D
16. D
17. A
18. D
19. A
20. D
21. B
22. C
23. A
24. D
25. D

MC- PROBLEM 1

1. A
2. A
3. A
4. C
5. B
6. C
7. B
8. B
9. C
10. A
11. C
12. D
13. A
14. B
15. D
16. A

MC- PROBLEM 2

1. A
2. A
3. C
4. B
5. C
6. B
7. A
8. B
9. A
10. D
11. C
12. A
13. B
14. B
15. D

MC- PROBLEM 3

1. B
2. D
3. D
4. D
5. A
6. D
7. C
8. B
9. C
10. B

CHAPTER 13A – REGULAR ALLOWABLE ITEMIZED DEDUCTIONS

TRUE OR FALSE 1

1. F
2. T
3. F
4. T
5. T
6. T
7. F
8. T
9. F
10. T
11. F
12. F
13. T
14. F
15. T

TRUE OR FALSE 2

1. T
2. F
3. F
4. T
5. F
6. T
7. T
8. T
9. F
10. T
11. F
12. T
13. T
14. F
15. T

TRUE OR FALSE 3

1. T
2. T
3. T
4. F
5. T
6. T
7. T
8. T
9. T
10. T
11. T
12. F
13. F
14. F
15. F
16. F
17. T
18. T
19. F
20. T
21. F

MC- THEORY: PART 1

1. C
2. A
3. A
4. D
5. C
6. C
7. C
8. D
9. C
10. D
11. C
12. A
13. B
14. C
15. C

MC- THEORY: PART 2

1. C
2. D
3. A
4. A
5. D
6. C
7. B
8. A
9. D
10. D

MC- PROBLEM 1

1. A
2. C
3. D
4. A
5. D
6. B
7. C
8. D
9. B
10. A
11. C
12. C
13. C
14. C
15. C

MC- PROBLEM 2

1. B
2. A
3. D
4. C
5. B
6. B
7. C
8. C
9. C
10. B
11. B
12. C
13. C
14. C
15. B
16. C

CHAPTER 13B – SPECIAL ALLOWABLE ITEMIZED DEDUCTIONS AND NET OPERATING LOSS CARRY-OVER

TRUE OR FALSE 1

1. F
2. F
3. T
4. F
5. T
6. T
7. F
8. T
9. F
10. F
11. T
12. T
13. T
14. T
15. T
16. F
17. T
18. F
19. T
20. T

EXERCISE DRILL
MC-PROBLEM 1

1. D
2. B
3. B
4. A
5. B
6. B
7. B
8. D
9. B
10. D
11. D
12. D
13. A
14. D
15. D
16. C
17. A
18. C
19. B
20. B
21. B
22. C

MC- PROBLEM 2

1. B
2. A
3. B
4. A
5. B
6. A
7. B
8. C
9. D
10. A
11. B

CHAPTER 13C – OPTIONAL STANDARD DEDUCTION

TRUE OR FALSE

1. T
2. F
3. F
4. T
5. F
6. F
7. F
8. T
9. T
10. T
11. F
12. T
13. T
14. F
15. T
16. F
17. F
18. T
19. F
20. F

EXERCISE DRILL 1

1. /
2. /
3. /
4.
5. /
6. /
7.
8.
9. /
10. /

EXERCISE DRILL 2

1. 2080000
2. 1008000

EXERCISE DRILL 3

1. 3120000 – 3600000
2. 1380000 – 1740000

EXERCISE DRILL 4

1. 2000000
2. 840000

MC- THEORY 1

1. A
2. D
3. A
4. B
5. A
6. D
7. A
8. B
9. D
10. A
11. D
12. D

MC- THEORY 2

1. C
2. A
3. D
4. D
5. C
6. B
7. D
8. D
9. A
10. C
11. D
12. C
13. C
14. A

MC- PROBLEM 1

1. D
2. A
3. A
4. D
5. B
6. C
7. B
8. A
9. B
10. A

MC- PROBLEM 2

1. C
2. B
3. B
4. C
5. A
6. A
7. B
8. C

You might also like