Tax Preparer Final Exam Review Questions and Answers.


0124567156589121 69669 1  65

 19! 656759"#5  1 9676 6 ! 51!5 69 6







56!696#5 6765  7199 #59659!6$%&'()*+%%,-./0112
345678
9:

;! 66<=>9681?#561!! 9" 6696@96A
1969##656 !6@666 6!1  61 61!!51 6#
1!! 9"$%&'()*+%%BCDEFGHCIJGCKLLHMKNCOGIJPFQCIPIKNCRKNGRCKEFCIPIKNCLJKHSGRCTPHCRGHUVLGRCKHGCVELNMFGFCVEC
WXY-/ZZ[ZX\]-^_]`ab/ZX\/abcZ.ZYZW[ZdWXaX-\]Z.\aebZa.

BfXdZ.\]ZYag]/Z\]-dh-XibWXY-/ZaY\^aiib.ZYZW[Zd-.Ze`ZXgZgaY\^aiib`aWdd^.WX_\]ZbZa.a.ZWXYi^dZd
78
8:


 169 61 9#17575965j 16591k7159!9716j96@96$%
&'()*+%%lZWgaY\W[ZWX.^XXWX_\]Zc^gWXZggWXag^cg\aX\Waimab-Xadab2\-2dabcagWg
78
8:
n
 k999751 ? 6655 67575965 16591k7159!9o
716$%&'()*+%%4p\]Z`.-`.WZ\-.d-ZgX-\/a\Z.Waiib`a.\WYẀa\ZhaXbi-ggp.-/\]Zc^gWXZggWga`aggW[Zi-gg
aXd_ZXZ.aiib/abcZY^..ZX\ibdZd^Y\Zd-Xiba_aWXg\`aggW[ZWXY-/Z
78
9:
8
 11565651 11 !6$%&'()*+%%BCqOPMEIRCIJKICrGHGCHGTMEFGFCIPCLMRIPOGHRCrJPC
.Z\^.XZd/Z.Y]aXdWgZp-..Zp^Xd-.`a.\Wai.Zp^Xd

Bs]ZgZa/-^X\ga.Zg^c\.aY\Zdp.-/_.-gg.ZYZẀ\g
78
9:
9
t9!#"665 96$%&'()*+%%uZ_WXXWX_WX[ZX\-.b`i^g`^.Y]agZgh`i^g
iac-.hg^``iWZghdZ`.ZYWa\W-XhZ\Y
a\\.Wc^\aciZ\-`.-d^Y\/aX^paY\^.Z-.`.Z`a.a\W-Xp-.gaiZh/WX^gZXdWX_
WX[ZX\-.b
78
v:
v
w#6!96 1! 51!1@5= 1k56 96!96 16k
$%&'()*+%%Bx.-[WdZa,-./01123456\-aXbWXdZ`ZXdZX\Y-X\.aY\-.m]-m-.yZdaXdZa.XZd
z900-./-.Z
78
1:
{
 1967576#6#o6 7k 6 12$%&'()*+%%s-`abg-YWaigZY^.W\baXd
/ZdWYa.Z\aeZg
78
n:
1
 11  61757596516j159?j$%&'()*+%%|/-^X\gWX[Zg\ZdWX\]Z
c^gWXZgg`i^gaXbc^gWXZggdZc\gp-.m]WY]\]Z`.-`.WZ\-.Wg`Z.g-XaiibiWaciZ
78
9:
0
 19##656 !669 1?69#675759659j159?j5$%&'()*+%%}Xib
a/-^X\ga\.Wgy/abcZ^gZd\-dZ\Z./WXZ\]ZaY\^aii-gg-X5Y]Zd^iZ6
78
9:

t6101245#69 166699"6 !656~956 6 $%&'()*+%%Bsae
x.-pZggW-Xaigp^ipWiid^ZdWiW_ZXYZ.Z^W.Z/ZX\gcb/ayWX_Z[Z.bZ\\-.\\-`.Z`a.ZaYY^.a\ZaXdY-/`iZ\Z.Z\^.Xg

Bsaex.-pZggW-Xaig/^g\]a[ZyX-miZd_Z-p\aeiamhaXda``iba.Zag-XacWiW\bY]ZYy\-\]ZWXp-./a\W-X`.-[WdZdcb\]ZW.
YiWZX\g
79
:
 


,
0124567156589121 69669 1  65



1915 96596!"#$%&'("")*+,-,./+01*2-30245,1606*6,786901//212-8:
017,-;8*0,1<.26=*0,16>*+2186901/8??0*0,18:<.26*0,164+21232-017,-;8*0,106015,;@:2*2,-622;601855.-8*2
,-015,1606*21*
AB
C




 

,
0124567156589121 69669 1  65



191 !9!9656"#$%&'()##*+,-./0+1,.0-12324104562-,-2744018910,-:0;61<2-2.0191
 




1622=>2-42,.9-,1623744018910,-
?@
A

B

119 1 5661 !9!9656"#$%&'()##*+,-./0+1,.0-12324104324,/C2D
562-01049+E-,5/2D;2DFD04+/,42D1,9//>931024F9-D162>93102469C2+,-42-12D1,590C0-;162+,-./0+1
?@
A

G

196 9!5 19 9 !96 91"#$%&'()##*-H0-.,3:910,-1691+,8/D>,12-109//H0D2-10.H
162+/02-104+,-.0D2-109/

I-.,3:910,-0-+/8D24?<8104-,1/0:012D1,AJKLMNOPJJ
QR9:2
Q*DD32449-D>6,-2-8:<23
QS,+09/42+8301H-8:<234
QT/9+2,.2:>/,H:2-1
Q*-H0-.,3:910,-.3,:919=32183-?@
BA

@
U91 671V6!5101245!69 1616161967 6 61W6!5
196 X69W6 Y695125659 766"#$%&'()##QZ9=
T3,.2440,-9/4:84169C2>30,3+,-42-1.3,:162+/02-11,/29C2>6,-2:2449;2432/912D1,1620319=32183-

QZ62.9+11691919=>9H2304162+/02-1,.9Z9=T3,.2440,-9/,319=>32>93910,-<840-24404+,-.0D2-109/0-.,3:910,-1691
:841-,1<2D04+/,42D
?@
GA

[

19101245!69 1\567 9V99]7 !99W11 96 1
 79691 ]121"#$%&'()##*Z9=T3,.2440,-9/:8419DC042162+/02-1,.162-,-+,:>/09-+2
9-D162+,-42^82-+24.,3-,1+,332+10-;1624018910,-
?@
[A

_

119 101245!69 11Y69!1 96 99 56759W9`
!5 19 1991 516"#$%&'()##*Z9=T3,.2440,-9/46,8/D-2C23>32>932932183-1691+,-190-4
0-9++839120-.,3:910,-
?@
[A

a
U!66 7]669Y985 
`b9  556X16"#
$%&'()##QI.162-9:2,34,+09/42+8301H-8:<23040-+,332+1F16219=>9H23:9H+69-;20160:42/.9-D-22D
-,1,<190-9+,332+12Dcd<2.,32.0/0-;60419=32183-

QZ622:>/,H2346,8/D<2-,10.02D,.162233,39-D94E2D1,8>D91260432+,3D4

Qe831623:,32F1622:>/,H22744,+09/42+8301H-8:<239-D293-0-;432+,3D446,8/D<2C230.02D5016162S,+09/S2+8301H
*D:0-0413910,-1,2-48321691162293-0-;45232>3,>23/H+32D012D
?

[A
f

6561 656W151 156 9 1  V6! "#$%&'()##QI-
162/2.1d69-D:93;0-911621,>,.>9;2,.e,3:4
fBf9-D
fBf*

QZ62H932JKLMNOPJJSFgeShGF[ffigejFkch

FBffillh_FBff