true or false
1-in 2015 taxpayers pay an additional 3.8% tax on their netinvestment income ?
2-gross income does not include social security benefitsreceived by the taxpayers ?
3-return of capital distribution generally are included in therecipient gross income ?
4- payment for child support are not included in gross income ofthe recipient custodial parent ?
5- a taxpayer who receives payment for mowing lawns must includethem in gross income ?
6- the buyer of a taxable bond with accrued interest at thepurchase date includes the purchase accrued interest in grossincome
7- taxpayers holding bonds with an original issue discount mustinclude the discount in gross income ratably (equally each year)over the life of the bonds ?
8- for tax purposes , borrowers must impute and report interestincome when the interest rate on a loan is below the market rate (the loan has a low stated rate of interest)
9-full time student between the ages of 19 and 23 are subject tothe kiddie tax
10-an accrual basis taxpayers receives and advanced payment forservices to be performed over the next three years . the taxpayersreports the payments in gross income over the years as the servicesare rendered over the next three years
11- reduced tax rates apply to dividends known as "qualifieddividends" ?
true or false
1-in 2015 taxpayers pay an additional 3.8% tax on their netinvestment income ?
2-gross income does not include social security benefitsreceived by the taxpayers ?
3-return of capital distribution generally are included in therecipient gross income ?
4- payment for child support are not included in gross income ofthe recipient custodial parent ?
5- a taxpayer who receives payment for mowing lawns must includethem in gross income ?
6- the buyer of a taxable bond with accrued interest at thepurchase date includes the purchase accrued interest in grossincome
7- taxpayers holding bonds with an original issue discount mustinclude the discount in gross income ratably (equally each year)over the life of the bonds ?
8- for tax purposes , borrowers must impute and report interestincome when the interest rate on a loan is below the market rate (the loan has a low stated rate of interest)
9-full time student between the ages of 19 and 23 are subject tothe kiddie tax
10-an accrual basis taxpayers receives and advanced payment forservices to be performed over the next three years . the taxpayersreports the payments in gross income over the years as the servicesare rendered over the next three years
11- reduced tax rates apply to dividends known as "qualifieddividends" ?
