LSU ACCT 3221 Chapter 2

LSU ACCT 3221 Chapter 2
True/False: The federal individual income tax returns are the 1040ES, 1040A and 1040.
False
True/False: The tax code defines adjusted gross income (AGI) as gross income minus a
list of permitted deductions.
True
True/False: The amount of tax liability for a taxpayer depends on many factors,
including the filing status of the taxpayer.
True
True/False: A married couple can file a joint return if they are married and if both have
earned income.
False
True/False: A married couple in the process of obtaining a divorce cannot file a joint tax
return.
False
True/False: A taxpayer filing separately must show the name and social security
number of the spouse on the tax return.
True
True/False: To qualify for head of household, a taxpayer must maintain a household
that is the principal place of abode of a qualifying person for more than half the year.
True
True/False: A taxpayer can qualify for head of household even though his or her parents
are living in a separate household from that of the taxpayer (assume all other
requirements are met).
True
True/False: If a taxpayer's spouse dies during the tax year, the taxpayer must file as a
qualifying widow(er).
False
True/False: The exemption amount is subject to annual adjustment for inflation.
True
True/False: The personal exemption for 2009 is $3,750.
False