Question 1
Which tax form does a C corporation use to file its federal income tax return?
Correct Answer:
Form 1120
Question 2
What is the current flat federal corporate income tax rate under the Tax Cuts and Jobs Act?
Correct Answer:
21%
Question 3
A partnership files which informational return with the IRS?
Correct Answer:
Form 1065
Question 4
Which of the following is a key characteristic of an S corporation?
Correct Answer:
Income passes through to shareholders' personal returns
Question 5
Under the qualified business income (QBI) deduction, eligible pass-through businesses may deduct up to what percentage of QBI?
Correct Answer:
20%
Question 1
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About this Exam

Prepare with the Certified Tax Advisor (CTA) practice quiz. This question bank includes 30 questions covering income, federal, return, credit, and file. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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Certified Tax Advisor (CTA)

This practice set contains 30 questions from the matching question bank and focuses on income, federal, return, credit, and file. 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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