Quiz 4

1. b

2. c

3. e

4. e

5. a

6. b

7. d

8. e

9. a

10. d

11. d

12. c

13. c

14. e

15. c

16. e

17. d

18. b

19. a

20. c

Tax - Quiz #3

Please tell me which ones I have wrong.

1. e, up to $25K depending upon AGI.
2. e, conduit
3. c, C corp
4. b, $8,000
5. b, nonpublicly
6. d, working interest
7. c, 10% and mgmt.
8. a, 0
9. e, no depreciation
10. c?
11. c, nonqualifying
12. b, no capital gain
13. c, within 30 days
14. d, $520
15. b, cash value before exceeds
16. c, $6,000
17. d, $175
18. e, $2,500 net long-term capital gain
19. a, short=$1,600 and long=$2,400
20. c, performance of underlying assets.

Stacie