1. ACC 307 Innovative Education-- snaptutorial.com

2. ACC 307 Final Exam Part 1 & Part 2 For more classes visit www.snaptutorial.com 1.Amy works as an auditor for a large major CPA firm. During the months of September through November of each year, she is permanently assigned to the team auditing Garnet Corporation. As a result, every day she drives from her home to Garnet and returns home after work. Mileage is as follows: Miles Home to office10 Home to Garnet30 Office to Garnet35

3. ACC 307 Innovative Education- -snaptutorial.com ACC 307 Final Exam Part 1 For more classes visit www.snaptutorial.com 1. The § 222 deduction for tuition and related expenses is available: 2. A worker may prefer to be classified as an employee (rather than an independent contractor) for which of the following reasons: 3. Aaron is a self-employed practical nurse who works out of his home. He provides nursing care for disabled persons living in their residences. During the day he drives his car as follows

4. ACC 307 Innovative Education- -snaptutorial.com ACC 307 Final Exam Part 2 For more classes visit www.snaptutorial.com 1. An employer calculates the amount of income tax withheld from salary or wages based on the information an employee provides on the following form: 2. Black Company paid wages of $180,000, of which $40,000 was qualified wages for the work opportunity tax credit under the general rules. Black Company’s deduction for wages for the year is:

5. ACC 307 Innovative Education- -snaptutorial.com ACC 307 Mid Term Exam Part 1 For more classes visit www.snaptutorial.com A characteristic of FUTA is that: 2. Which of the following statements best describes the history of the Federal income tax? 3. Taxes not imposed by the Federal government include: 4. A VAT (value added tax): 5. Which of the following transactions will decrease a taxing jurisdiction’s ad valorem tax revenue imposed on real estate?

6. ACC 307 Innovative Education- -snaptutorial.com ACC 307 Mid Term Exam Part 2 For more classes visit www.snaptutorial.com 1. In January, Lance sold stock with a cost basis of $26,000 to his brother, James, for $24,000, the fair market value of the stock on the date of sale. Five months later, James sold the same stock through his broker for $27,000. What is the tax effect of these transactions? 2. Tommy, an automobile mechanic employed by an auto dealership, is considering opening a fast food franchise. If Tommy decides not to acquire the fast food franchise, any investigation expenses are

7. ACC 307 Innovative Education-- snaptutorial.com