ACAT ATA Practice Questions - ACAT ATA Accredited Tax Advisor Exam - ACAT ATA Practice Questions

Question 1

For tax year 2026, what is the top marginal individual income tax rate that applies under the OBBBA-permanent TCJA bracket structure?

35% 37% 39.6% 40%

Correct Answer:

37%

Question 2

What is the 2026 standard deduction for a married couple filing jointly under age 65?

$$29,200 $$30,000 $$31,500 $$32,200

Correct Answer:

$$32,200

Question 3

Under OBBBA, what is the 2026 cap on the state and local tax (SALT) itemized deduction for most taxpayers?

$$10,000 $$20,000 $$40,000 Unlimited

Correct Answer:

$$40,000

Question 4

An advisor is computing the 3.8% Net Investment Income Tax (NIIT) for a single client with $250,000 of modified AGI in 2026, including $40,000 of interest, dividends, and capital gains. What is the NIIT?

$$0; client is below the threshold $$1,520 (3.8% × $40,000) $$1,900 (3.8% × $50,000) $$9,500 (3.8% × $250,000)

Correct Answer:

$$1,520 (3.8% × $40,000)

Question 5

Which of the following is NOT a preference or adjustment that increases AMTI under the individual AMT?

Incentive stock option bargain element on exercise Tax-exempt interest on private activity bonds (post-2017 issues subject to AMT) Standard deduction taken in lieu of itemizing Qualified dividends taxed at preferential rates

Correct Answer:

Qualified dividends taxed at preferential rates

Question 1

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About this Exam

Prepare with the ACAT ATA Practice Questions - ACAT ATA Accredited Tax Advisor Exam practice quiz. This question bank includes 100 questions covering corporation, partnership, income, basis, and partner. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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ACAT ATA Practice Questions - ACAT ATA Accredited Tax Advisor Exam

This practice set contains 100 questions from the matching question bank and focuses on corporation, partnership, income, basis, and partner. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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ACAT ATA Practice Questions - ACAT ATA Accredited Tax Advisor Exam

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