CALIFORNIA DOES NOT CONFORM WITH WHICH POPULAR CREDIT?
A HEALTH CARE SAVING ACCOUNT
B CHILDCARE CREDIT
C EDUCATIONAL CREDIT
D EARNED INCOME CREDIT
CALIFORNIA DOES NOT CONFORM WITH WHICH POPULAR CREDIT-
The answer is -
C EDUCATIONAL CREDIT
CALIFORNIA DOES NOT CONFORM WITH WHICH POPULAR CREDIT? A HEALTH CARE SAVING ACCOUNT B CHILDCARE CREDIT...
Jillian is a self-employed resident of California. She had a net profit of $225,000 for the tax year. Based on her high-income level, what percentage of additional self-employment tax will she be required to pay on her California state return? a) 0% b) 1.45% c) 7.65% d) 0.9% Federal law requires the use of MACRS for most tangible depreciable property placed in service after 1986. California does not always conform to federal tax law. Which one of the following statements...
Regarding the California exemption credit, nonresidents and part-year residents are allowed which of the following? A. The entire exemption credit regardless of taxable income B. Reduced credits for personal exemptions on the basis of prorated taxable income C. Reduced credits for personal exemptions on the basis of length of stay in California D. Reduced credits for personal exemptions on the basis of another state’s tax credit
How does a health care organization account for services provided for charity care? Charitable care policies are disclosed in the notes of the financial statements, Recorded as revenues and the costs are expensed O Not recorded as revenues and the costs are not expensed.
California residents are allowed a credit for net income taxes paid to another State on income also subject to the California income tax. However, the credit is not allowed for which of the following reasons? A. If the other state allows California residents a credit for net income taxes paid to California B. If the income taxed by the other state has a source within the other state under California law C. If such states do not allow their residents...
Tax Review 1. Regarding the California Earned Income Tax Credit (CA EITC), earned income used to qualify for the credit includes all of the following except: A. Employee compensation subject to California withholding B. Passive Activity Income C. Wages reported on a W-2 Form D. Tips reported on a W-2 From 2. For 2017, the Nonrefundable Renter’s Credit is available for single filers with adjusted gross incomes of what amount or less? A. $37,000 B. $37,995 C. $40,078 D. $80,156...
Which of the following does NOT generate negative externalities in part through health care costs? a. Smoking b. Alcohol abuse c. Antibiotic overuse d. Opioid abuse e. None of the above
QUESTION 11 10 points (Extra Credit) Match the following items: a setting which provides health care services that does not Stand alone facility Freed-standing facility Ambulatory outpatient facility require an overnight confinement b Hospitals, Nursing Homes, Tertiary care settings C. setting that provides health care services and is physically located independently of an Integrated Delivery System's main campus but may alsobe a part of said medical system necessarily part of an Integrated Delivery System Delivery Systems d setting that provides...
Which of the following items will NOT be taxed in California for a nonresident? A. Net rental income from a California property B. Stock options earned while working in your home state but issued by a California-based company C. Royalties from a California timber interest. D. Wages from a job in California. I already know that option C is incorrect.
A major benefit of a health savings account is that it 0 A, creates the incentive to see a doctor regularly. O B. eliminates rising health care costs. ° C. combats moral hazard O D. means more health care services will be demanded A major benefit of a health savings account is that it 0 A, creates the incentive to see a doctor regularly. O B. eliminates rising health care costs. ° C. combats moral hazard O D. means more...
Saving is the portion of A. investment that is spent on machinery. B. disposable income that is consumed. C. disposable income that is not consumed. D. stock of consumption. Which of the following statements best reflects the relationship between saving and savings? A. Saving and savings are both stock variables. B. Saving and savings are both flow variables. C. Saving is the total amount not consumed whereas savings refers to the amount placed into a savings account. D. Saving is...