Free CTFA Exam Braindumps (page: 15)

Page 15 of 113

Which of the following would be included in a cash budget?

  1. Depreciation charges
  2. Dividends
  3. Patents
  4. Amortization

Answer(s): B



It is the deduction of AGI based on the number of persons supported by the taxpayer's income

  1. Exemption
  2. Dependence
  3. Tax payment
  4. Adjustment

Answer(s): A



Exemptions are phased out and eliminated altogether for taxpayers with high levels of AGI. After adjusting for inflation, it applies to single taxpayers with 2008 AGI:

  1. Under $159, 950
  2. Over $159, 950
  3. Equal to $179, 950
  4. Over $189, 950

Answer(s): B



The illegal act failing to accurately report income or deductions and in extreme cases, failing to pay taxes altogether is:

  1. Tax avoidance
  2. Tax Invasion
  3. Tax Evasion
  4. None of these

Answer(s): C



Page 15 of 113



Post your Comments and Discuss ABA CTFA exam with other Community members:

JUAN commented on June 28, 2023
aba questions to practice
UNITED STATES
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JUAN commented on June 28, 2023
aba questions to practice
UNITED STATES
upvote

Alo commented on November 12, 2018
we shall see, just downloaded. Will report back
Anonymous
upvote