Does anyone know any of theses answers?

Jerry and Julie are brother and sister. Jerry sold stock to Julie for ,000, its fair market value. The stock cost Jerry ,000 5 years ago. Also, Jerry sold Carol (an unrelated party) stock for ,000 that cost ,000 3 years ago. What is Jerry’s recognized loss before the ,000 capital loss limitation?
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,000
,000
,000
,000

Question 2
Walnut Interests is a partnership owned equally by Bob, Jon, and Gary. Bob and Jon each have a November 30 tax year-end, while Gary has a January 31 tax year-end. Under the general rule, what tax year-end should the partnership adopt?
December 31
January 31
November 30
November 30 or January 31
None of the above

Question 3
On January 1, 2009, Sandy, a sole proprietor, purchased for use in her business a new production machine (7-year property) at a cost of ,000. Sandy does not purchase any other property during 2009 and has net income from her business of ,000. If the standard recovery period table would allow ,716 of depreciation expense on the ,000 of equipment purchased in 2009, what is Sandy’s maximum depreciation deduction, including the amount that could be deducted under the election to expense, for 2009?
,716
,000
,716
,000
None of the above

Question 4
John purchases residential rental property on October 31, 2009 for a cost of 0,000. Of this amount, 0,000 is allocable to the cost of the home and the remaining 0,000 is allocable to the cost of the land. What is John’s maximum depreciation deduction for 2009?
,198
,099
,061
0
None of the above

Question 5
From the records of Tom, a cash basis sole proprietor, the following information was available:

Gross receipts ,000
Dividend income (on personal investments) 200
Cost of sales 15,000
Other operating expenses 3,000
State business taxes paid 300

What amount should Tom report as net earnings from self-employment?
,900
,700
,000
,000
None of the above

Question 6
On June 1, 2009, Cork Oak Corporation purchased a passenger automobile for 100% use in its business. The auto, with a cost basis of ,000, has a 5-year estimated life and a salvage value of ,000. It also is 5-year recovery property. How much depreciation should be taken for 2009 assuming Cork Oak Corporation uses the accelerated depreciation method under MACRS, but does not choose to make the election to expense or take bonus depreciation?
,960
,100
,900
,400
None of the above

Question 7
Aaron has a successful business with ,000 of income in 2009. He purchased one new asset in 2009, a new machine that is 7-year MACRS property, with a cost of ,000. Of the options available for allocating the cost of the asset over time, for tax purposes, what is the largest write-off Aaron can obtain in 2009?
,000
0
,000
,500

Question 8
Vernon is a cash basis taxpayer with a calendar tax year. On November 1, 2009, Vernon entered into a lease to rent a building for use in his business at ,000 a month. On that day Vernon paid 6 months rent on the building, a total of ,000 (,000 ´ 6 months). How much may Vernon deduct for rent expense on his 2009 tax return?
,000
,000
,000
,000
None of the above

Question 9
Which of the following is not an acceptable method of accounting under the tax law?
The accrual method
The cash method
The hybrid method
All of the above are acceptable
None of the above

Question 10
Mark the correct answer. Partnerships and S corporations differ in that:
Partnerships can have a fiscal year deferral period of 3 months while S corporations can have a fiscal year deferral period of only 2 months.
S corporations may have to make a required tax payment, while partnerships do not as they are only a reporting entity.
Partnerships must adopt a tax year the same as the tax year of the partners holding a majority interest in partnerships profits while S corporations generally must adopt a tax year the same as the calendar year.
Partnerships estimate taxes for deferral periods by multiplying estimated deferral period income by the highest individual tax rate plus 1% while S corporations use the highest corporate rate to estimate deferral period income tax.

Question 11
What is the maximum depreciation expense deduction for Year 2 (2010) for a passenger automobile, used 100 percent for qualified business use, placed in service on June 15, 2009 and costing ,000 (the election to expense is not made and no bonus depreciation wa

Hi, help me please
Morgan and Maggie are married and have two dependent children. They also fully support Mary’s mother who lives with them and has no income. Their 2006 tax and other related information is as follows:
Total salaries 0,000
Bank account interest income 3,500
Municipal bond interest income 1,500
Value of employer provided medical insurance 3,500
Value of premiums for ,000 of group term life insurance provided by employer 0
Dividend income from ABC stock ,000
Loan from Morgan’s parents ,000
Gift from Morgan’s parents ,000
Gain from the sale of qualified small business stock held more than 5 years ,000
Total itemized deduction ,000
compute Morgan and Maggie’s taxable income