10000E - Sample Course
This exam has 5 questions and requires a score of 70% to receive credit. |
Note: Regular exams will allow you to save progress and return at a later time. This feature is not available for the sample course. |
During exams Live Chat is available for technical support only. |
| 1. | In December 2025, what is the standard mileage rate for eligible business use of a vehicle: |
| | |
a. | 18.0 cents per mile |
| | |
b. | 65.5 cents per mile |
| | |
c. | 67.0 cents per mile |
| | |
d. | 70.0 cents per mile |
| | |
| 2. | The OBBBA provides for an additional deduction of up to how much for a taxpayer age 65 or older for tax year 2025: |
| | |
a. | $0; the deduction does not take affect until 2026 |
| | |
b. | $3,000 |
| | |
c. | $6,000 |
| | |
d. | $12,000 |
| | |
| 3. | What is the limit for 2025 for the state and local tax deduction for a single tax filer with a MAGI of less than $500,000: |
| | |
a. | $10,000 |
| | |
b. | $20,000 |
| | |
c. | $30,000 |
| | |
d. | $40,000 |
| | |
| 4. | For 2026, what is the maximum estate and gift tax exemption for an individual taxpayer: |
| | |
a. | $5.0 million |
| | |
b. | $10.0 million |
| | |
c. | $15.0 million |
| | |
d. | $27.22 million |
| | |
| 5. | All of the following are goals of the SECURE 2.0 Act except: |
| | |
a. | to increase individual retirement savings |
| | |
b. | to simplify and clarify the retirement plan rules |
| | |
c. | to lower the employer cost of setting up a retirement plan |
| | |
d. | to improve tax credits for energy efficient home improvements |
| | |
Submitting exam...
