(a) An obligation to pay tax (b) The difference between the net sales price of an asset or security and its net cost (c) Improvement to property that adds value (d) Ownership of shares in a corporation

(a) Allows up to $250,000 tax free gains ($500,000 for couples) on the sale of a principal residence by homeowners over 55 (b) Allows persons over 55 to sell their house tax free so long as they purchase a new home at the same price or more (c) Allows tax deferral of gains on investment property, so long as the property is "like kind" (d) Allows accelerated depreciation for homeowners over 55

(a) Is not subject to federal tax (b) Is not subject to state tax (c) Is allowed to be offset by prior year gambling losses (d) Can be offset by gambling losses in the taxable year

(a) The U.S. Department of Commerce (b) The U.S. Department of Treasury (c) The U.S. Department of Federal Taxation (d) The SEC

(a) Joint taxpayer (b) Head of household (c) Non-community property (d) Single

(a) No choice, the IRS must receive money owed on time (b) Request an extension of time to pay, apply for an installment agreement or pay by credit card (c) Pay by credit card, write an explanation letter, ignore the due date (d) Pay your taxes when the IRS catches up to you, tell the IRS that you did not keep any records, call and leave a message

(a) FTC (b) FBI (c) IRS (d) CIA

(a) one month (b) two months (c) no extra time (d) five months

(a) Automatic Credit Retirement Securities (b) Accelerated Cost Recovery System (c) Annual Credit Retirement Savings (d) Annual Consumer Rebate Savings

(a) 34% (b) 15% (c) 20% (d) 15% of the investor's tax bracket

(a) C corporation (b) Non-profit corporation (c) LLC (d) S corporation