REG Study Group July August 2013 - Page 97

Viewing 15 replies - 1,441 through 1,455 (of 1,892 total)
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  • #440062
    kels417
    Member

    @strikeforce, I took the first Becker practice exam yesterday as well and have almost the exact same scores as you and did the same thing with the research question! I knew the answer, but couldn't find the code. Was driving me crazy. Below are my results…

    T1: 62%

    T2: 79%

    T3: 75%

    Sim1: 100%

    2: 40%

    3: 70%

    4: 80%

    5: 0%

    6: 78%

    I have until the 29th. I'm working through simulations on gleim now and plan to take a progress test tomorrow and then read over whatever chapter I'm weak in. Then do some mnemonic memorization (panictime and all other amt things!!) and then take exam 2 on Monday or Tuesday. After that? Probably just do as many mcq possible, read my notes daily, and go through flash cards.

    Best of luck to you!! Stay confident and keep at it!

    Illinois
    Becker self study | Becker flashcards | Gleim | self written notes | WTB

    AUD - 74, 75 Passed! (Expires 1/2/2014)
    BEC - 78 Passed! (Expires 2/6/2014)
    REG - 70, 70, 72, 74, 76 Passed!!
    FAR - 72, 66, 69, 67

    #440198
    kels417
    Member

    @strikeforce, I took the first Becker practice exam yesterday as well and have almost the exact same scores as you and did the same thing with the research question! I knew the answer, but couldn't find the code. Was driving me crazy. Below are my results…

    T1: 62%

    T2: 79%

    T3: 75%

    Sim1: 100%

    2: 40%

    3: 70%

    4: 80%

    5: 0%

    6: 78%

    I have until the 29th. I'm working through simulations on gleim now and plan to take a progress test tomorrow and then read over whatever chapter I'm weak in. Then do some mnemonic memorization (panictime and all other amt things!!) and then take exam 2 on Monday or Tuesday. After that? Probably just do as many mcq possible, read my notes daily, and go through flash cards.

    Best of luck to you!! Stay confident and keep at it!

    Illinois
    Becker self study | Becker flashcards | Gleim | self written notes | WTB

    AUD - 74, 75 Passed! (Expires 1/2/2014)
    BEC - 78 Passed! (Expires 2/6/2014)
    REG - 70, 70, 72, 74, 76 Passed!!
    FAR - 72, 66, 69, 67

    #440064
    MrsBing
    Member

    How important are the little small sections past Business Structures in Chapter 8? This last half chapter is frustrating.

    Becker, Wiley Test Bank, and Ninja 10 Point Combo!

    FAR: 89
    REG: 87
    AUD: 92
    BEC: 75
    Ethics: 90

    Licensed Arizona CPA

    #440200
    MrsBing
    Member

    How important are the little small sections past Business Structures in Chapter 8? This last half chapter is frustrating.

    Becker, Wiley Test Bank, and Ninja 10 Point Combo!

    FAR: 89
    REG: 87
    AUD: 92
    BEC: 75
    Ethics: 90

    Licensed Arizona CPA

    #440066
    gingercpa
    Member

    @ CPAforeigner, I don't know which years materials you using but I purchased mine this year in April and Roger clearly says on pg 2-15 that medical exp deduction for 2013 is 10% of AGI unless age 65.

    @ Insiyah, all the 2013 updates that you pull for from Rogers website are supposed to be correct. I have no doubt about it.

    AUD:78-5/13
    FAR:84-10/20
    REG:79- 12/5
    BEC:Feb
    CAL Candidate

    #440202
    gingercpa
    Member

    @ CPAforeigner, I don't know which years materials you using but I purchased mine this year in April and Roger clearly says on pg 2-15 that medical exp deduction for 2013 is 10% of AGI unless age 65.

    @ Insiyah, all the 2013 updates that you pull for from Rogers website are supposed to be correct. I have no doubt about it.

    AUD:78-5/13
    FAR:84-10/20
    REG:79- 12/5
    BEC:Feb
    CAL Candidate

    #440068
    samdiegoCPA
    Member

    WHAAAAT are these 2013 changes, omg.

    I am super confused with that 3% and 80% itemized deduction thing.

    AUD: 84
    REG: 84
    BEC: 79
    FAR: 83

    #440204
    samdiegoCPA
    Member

    WHAAAAT are these 2013 changes, omg.

    I am super confused with that 3% and 80% itemized deduction thing.

    AUD: 84
    REG: 84
    BEC: 79
    FAR: 83

    #440071
    Turtle3190
    Member

    @ Noodles

    Becker has updates for 2013 amounts and for AMT exemption they are:

    SINGLE” 51,900, AMTI-115,400

    Married JOINTLY 80,800, AMTI-153,900

    and i have the same number for the adoption credit

    I've been told by Becker that they rarely test amounts that change from year to year from inflation adjustments.

    My plan is to know,

    AMTI exemptions (bc becker stressed that)

    new 10% for medical expenses

    the 100 dollar 10% reduction for casualty loss, (C Corps theres no 100/10% reduction)

    standard deductions of 6100 and 12200 HoH 8,590

    personal exemption 3,900

    Blind and Old (>=65 yrs old) extra standard deductions

    then look at credit numbers and what sticks sticks, but im not going to go crazy nemorizing numbers,

    Gift tax reduction per giftee of 14,000 joint is 28,000.

    There might be one or two questions that make u memorize a number and hopefully ill get one of them right based on the list above, anything else i could careless about. Its impossible to know everything.

    I take my exam on the 20th

    I just took First becker FInal exam yesterday: (b4 reviewing 5-8, but after reviewing 2-4)

    T1 54

    T2 83

    T3 87

    T4

    1 100

    2 80 (4/5)

    3 100

    4 80 (4/5)

    5 100

    6 100

    Btw guys if your not doing well on Beckers Sims its not a good thing. the Real deal is MUCH MUCH harder ive heard and it was the same way for FAR i destroyed the Sims on becker and got slayed by the real thing.

    FAR- 80 (magical)
    REG- 8/20/13
    AUD- 10/5/13
    BEC- TBD

    #440206
    Turtle3190
    Member

    @ Noodles

    Becker has updates for 2013 amounts and for AMT exemption they are:

    SINGLE” 51,900, AMTI-115,400

    Married JOINTLY 80,800, AMTI-153,900

    and i have the same number for the adoption credit

    I've been told by Becker that they rarely test amounts that change from year to year from inflation adjustments.

    My plan is to know,

    AMTI exemptions (bc becker stressed that)

    new 10% for medical expenses

    the 100 dollar 10% reduction for casualty loss, (C Corps theres no 100/10% reduction)

    standard deductions of 6100 and 12200 HoH 8,590

    personal exemption 3,900

    Blind and Old (>=65 yrs old) extra standard deductions

    then look at credit numbers and what sticks sticks, but im not going to go crazy nemorizing numbers,

    Gift tax reduction per giftee of 14,000 joint is 28,000.

    There might be one or two questions that make u memorize a number and hopefully ill get one of them right based on the list above, anything else i could careless about. Its impossible to know everything.

    I take my exam on the 20th

    I just took First becker FInal exam yesterday: (b4 reviewing 5-8, but after reviewing 2-4)

    T1 54

    T2 83

    T3 87

    T4

    1 100

    2 80 (4/5)

    3 100

    4 80 (4/5)

    5 100

    6 100

    Btw guys if your not doing well on Beckers Sims its not a good thing. the Real deal is MUCH MUCH harder ive heard and it was the same way for FAR i destroyed the Sims on becker and got slayed by the real thing.

    FAR- 80 (magical)
    REG- 8/20/13
    AUD- 10/5/13
    BEC- TBD

    #440073
    samdiegoCPA
    Member

    I'm having mass anxiety, can someone give me a problem for the itemized deduction thing? I am trying to read over it but can't understand.

    AUD: 84
    REG: 84
    BEC: 79
    FAR: 83

    #440207
    samdiegoCPA
    Member

    I'm having mass anxiety, can someone give me a problem for the itemized deduction thing? I am trying to read over it but can't understand.

    AUD: 84
    REG: 84
    BEC: 79
    FAR: 83

    #440075
    Kenada
    Member

    Hiya samdiegoCPA,

    This is what I have about the itemized deductions.

    Phase out of itemized deductions was eliminated for 2012, but returned for 2013.

     The total of all itemized deductions is reduced by the smaller of:

    • 1) 3% of the amount by which AGI exceeds the annual limit, or

    • 2) 80% of the itemized deductions that are affected by the limit. (not including Gambling losses, Investment interest, Medical expenses and Casualty losses – GIMC)

    FAR 05/27/14; 786/110 - Done !

    #440209
    Kenada
    Member

    Hiya samdiegoCPA,

    This is what I have about the itemized deductions.

    Phase out of itemized deductions was eliminated for 2012, but returned for 2013.

     The total of all itemized deductions is reduced by the smaller of:

    • 1) 3% of the amount by which AGI exceeds the annual limit, or

    • 2) 80% of the itemized deductions that are affected by the limit. (not including Gambling losses, Investment interest, Medical expenses and Casualty losses – GIMC)

    FAR 05/27/14; 786/110 - Done !

    #440077
    Kenada
    Member

    @ Ginger CPA –

    Rogers has this updated for Medical

    Medical expenses – paid and not reimbursed

    o Medical services – not cosmetic

    o Most medical goods/devices

    o Health insurance premiums

    Long term care insurance premiums on qualified policies.

    o Mileage to Doctor

     To extent exceeds 7.5% of AGI

    They put a red line through this – (For 2013 the rate is scheduled to increase to 10%,

    unless 65, then remains at 7.5% until 2017).

    So to me it seems Medical is supposed to 7.5% per the Roger Updates but it seems Becker has it at 10% … Who is right in this case ?

    FAR 05/27/14; 786/110 - Done !

Viewing 15 replies - 1,441 through 1,455 (of 1,892 total)
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