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Solutions Manual/Test Bank

2010 Edition

Income Tax

Fundamentals

Gerald E. Whittenburg

San Diego State University

Martha Altus-Buller

San Diego, California



Solutions Manual and Test Bank, 2010 Edition to accompany Income Tax Fundamentals, 2010 Edition

By Gerald Whittenburg and Martha Altus-Buller
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CONTENTS

PREFACE iv

CHAPTER OUTLINES AND SUGGESTED MINIMUM ASSIGNMENTS 1

SOLUTIONS FOR QUESTIONS AND PROBLEMS 25

Chapter 1 The Individual Income Tax Return 27

Chapter 2 Gross Income and Exclusions 39

Chapter 3 Business Income and Expenses, Part I 57

Chapter 4 Business Income and Expenses, Part II 81

Chapter 5 Itemized Deductions and Other Incentives 107

Chapter 6 Credits and Special Taxes 133

Chapter 7 Accounting Periods and Methods and Depreciation 159

Chapter 8 Capital Gains and Losses 177

Chapter 9 Withholding, Estimated Payments, and Payroll Taxes 203

Chapter 10 Partnership Taxation 231

Chapter 11 The Corporate Income Tax 243

Chapter 12 Tax Administration and Tax Planning 257

SOLUTIONS FOR ADDITIONAL COMPREHENSIVE TAX RETURN PROBLEMS 259

TEST BANK

Chapter 1 The Individual Income Tax Return 293

Chapter 2 Gross Income and Exclusions 307

Chapter 3 Business Income and Expenses, Part I 319

Chapter 4 Business Income and Expenses, Part II 333

Chapter 5 Itemized Deductions and Other Incentives 347

Chapter 6 Credits and Special Taxes 363

Chapter 7 Accounting Periods and Methods and Depreciation 375

Chapter 8 Capital Gains and Losses 389

Chapter 9 Withholding, Estimated Payments, and Payroll Taxes 403

Chapter 10 Partnership Taxation 413

Chapter 11 The Corporate Income Tax 423

Chapter 12 Tax Administration and Tax Planning 433

TEST BANK SOLUTIONS 439


PREFACE

This manual contains the solutions to the multiple choice questions, problems, and comprehensive problems in the text and also provides a source of exam questions for your class. Some of the test bank questions require additional tables or schedules. The tax calculations and phase-outs have become so complex that professors may prefer open book tests in some circumstances. If you wish to make the manual available for student review, the pages in the manual are perforated so that test materials may be removed from the manual to retain their integrity.

The test bank is also available for use on personal computers through ExamView®. If you would like a copy of this computerized test generator, please contact your Cengage Learning representative.

The manual also contains a brief topical outline for each chapter designed to assist you in presenting the course material. Suggested minimum case and problem assignments, selected to provide a representative sample of the text’s problem material, follow each chapter outline.

Gerald E. Whittenburg

Martha AltusBuller