Statistics for Federal US Tax Law Quiz in 2020

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General Stats

  • This quiz has been taken 38,993 times
  • The average score is 5 of 5

Answer Stats

Question ? Answer % Correct
You divorce in 2018 and are required to pay alimony. Alimony payments made in 2020 will be deductible in 2020 and thereafter? (T) True or (F) FalseT
100%
If you get divorced in 2020 and are awarded alimony. If you receive alimony, you must report that alimony on your 2020 return? (T) True or (F) FalseF
94%
A couple sells its house and can get a $500,000 deduction if they have lived in it __ of the last 5 years.2
91%
For 2018 the exemption amount goes from 4,050 per dependent to what amount in 2020 based upon the current new law? A) 0 B) 8,100 C) 5,000 per dependent?A
90%
You normally itemize deductions and wish to do so in 2018. Your total itemized deductions must exceed the standard deduction for a married couple, what amount is the standard deduction in 2020? A) 12,000 B) 24,000 C) There is no longer a standard deduction, all itemized deductions are deductibleB
87%

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