Test Bank SWFT Comprehensive TAＸ CREDITS AND PAYMENTS.docVIP

CHAPTER 12 TAX CREDITS AND PAYMENTS Instructor: The test items in both the print Test Bank and ExamView test-creation software are numbered by question type within each chapter. Thus, users of ExamView can more easily preview their selections using the printed Test Bank in the same numbering system. Learning Objective, Level of Difficulty, Estimated Time to Completion, and the AACSB’s and AICPA’s Core Competencies for each test item are located within the item itself. Status: Q/P Question/ Present in Prior Problem Topic Edition Edition TRUE OR FALSE 1 Value of tax credit Unchanged 1 2 Value of tax credit and deduction Modified 2 3 Refundable credits Unchanged 3 4 Refundable credit Unchanged 4 5 General business credit: carryover years Modified 5 6 General business credit Unchanged 6 7 Tax credit for rehabilitation expenditures Unchanged 7 8 Tax credit for rehabilitation expenditures Unchanged 8 9 Tax credit for rehabilitation expenditures Unchanged 9 10 Recapture of tax credit for rehabilitation Unchanged 10 expenditures 11 Recapture of tax credit for rehabilitation Unchanged 11 expenditures 12 Work opportunity tax credit Unchanged 12 13 Work opportunity tax credit: long-term family Unchanged 14 assistance recipients 14 Work opportunity tax credit: long-term family Unchanged 15 assistance recipients 15 Work opportunity tax credit Modified 16 16 Incremental research activities credit Unchanged 17 17 Basic research credit Modified 18 18 Low-income housing credit Unchanged 19 19 Low-income housing credit Unchanged 20 20 Disabled access credit Unchanged 21 21 Disabled access credit Unchanged 22 22 Disabled access credit Unchanged 23 23 Credit for small employer pension plan startup costs Modified 24 Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 24 Credit for employer-provided child care Modified 25 25 Credit for employe