REG Study Group October November 2013 - Page 84

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  • #480486
    Journhi
    Member

    @stokey45 one of the sim is suppose to be a pretest. Good luck!

    FAR: 62;79
    AUD: 76
    REG:67; 77
    BEC: 68;66; 12/05/13

    #480463
    Kenada
    Member

    Skrier – LOL I love that comment – Agency law = Bar Exam πŸ™‚

    Journhi – I am learning this module right now… I hope to have something good to post tomorrow.

    OCDisME – which module are you referring to differences between an Incentive Stock Option and an Employee Stock Purchase Plan? – Individual taxes

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

    #480488
    Kenada
    Member

    Skrier – LOL I love that comment – Agency law = Bar Exam πŸ™‚

    Journhi – I am learning this module right now… I hope to have something good to post tomorrow.

    OCDisME – which module are you referring to differences between an Incentive Stock Option and an Employee Stock Purchase Plan? – Individual taxes

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

    #480465
    Kenada
    Member

    Hiya _ I need some clarification please

    Sale or exchange of Principal Residence

    An Individual may exclude from income up to 250,000 (single) or 500,000 (married) of gain from sale of principal residence if you have lived in it for 2 yrs out of the 5 yrs.

    Has this threshold changed ? Can anyone advise please.

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

    #480467
    Kenada
    Member

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

    #480492
    Kenada
    Member

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

    #480490
    Kenada
    Member

    Hiya _ I need some clarification please

    Sale or exchange of Principal Residence

    An Individual may exclude from income up to 250,000 (single) or 500,000 (married) of gain from sale of principal residence if you have lived in it for 2 yrs out of the 5 yrs.

    Has this threshold changed ? Can anyone advise please.

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

    #480469
    stokey45
    Participant

    @OCDisME

    I have taken the REG exam 2 times now and both were very different. My first exam had many tax calculation questions. This exam had more conceptual questions and less calculating questions. Funny thing is my first exam I passed the MCQ portion but scored poorly on the SIMs. As a matter of fact, I did not even finish so I was not surprised with my score of a 65. I became frazzled with a couple of items like the use of the calculator for example. The calculator came up in the lower right hand corner and I was moving each time to put it in the middle of the screen(in my eyes view) and then I would move it back when I was done. Why you ask? Beats me! But I noticed when I was almost finished with my 1st testlet that in moving the calculator back after my calculation, if I hit anywhere outside of the calculator box I would accidentally change my answer. At that point I became frazzled and went back to as many questions as I could to make sure I had the answer that I originally picked. I wasted too much time and messed mind up so that I was not on my best game to finish up the exam. Moral of the story, don't move the calculator. There is a reason they had it come up in the place where it does.

    This time I felt much better and had plenty of time for the SIMs. I forgot I important and simple element on one simulation and it was needed for each of the answers in that SIM. I hope it doesn't completely mess up my score, but if it does…. I will be taking this exam again.

    Back to your question….. It is so hard to pin point what type of questions you may get. Just learn the topics as best you can. I know this is very vague. Just don't memorize but learn and understand as best you can. That is the best advice I can give.

    One more thing, business law is not normally on the SIMs. They are usually in the MCQs and Tax is usually on the SIMs. I hope this helps.

    Good Luck!

    #480494
    stokey45
    Participant

    @OCDisME

    I have taken the REG exam 2 times now and both were very different. My first exam had many tax calculation questions. This exam had more conceptual questions and less calculating questions. Funny thing is my first exam I passed the MCQ portion but scored poorly on the SIMs. As a matter of fact, I did not even finish so I was not surprised with my score of a 65. I became frazzled with a couple of items like the use of the calculator for example. The calculator came up in the lower right hand corner and I was moving each time to put it in the middle of the screen(in my eyes view) and then I would move it back when I was done. Why you ask? Beats me! But I noticed when I was almost finished with my 1st testlet that in moving the calculator back after my calculation, if I hit anywhere outside of the calculator box I would accidentally change my answer. At that point I became frazzled and went back to as many questions as I could to make sure I had the answer that I originally picked. I wasted too much time and messed mind up so that I was not on my best game to finish up the exam. Moral of the story, don't move the calculator. There is a reason they had it come up in the place where it does.

    This time I felt much better and had plenty of time for the SIMs. I forgot I important and simple element on one simulation and it was needed for each of the answers in that SIM. I hope it doesn't completely mess up my score, but if it does…. I will be taking this exam again.

    Back to your question….. It is so hard to pin point what type of questions you may get. Just learn the topics as best you can. I know this is very vague. Just don't memorize but learn and understand as best you can. That is the best advice I can give.

    One more thing, business law is not normally on the SIMs. They are usually in the MCQs and Tax is usually on the SIMs. I hope this helps.

    Good Luck!

    #480471
    Anonymous
    Inactive

    Happy Study Saturday everyone! Who else is with me today?

    #480496
    Anonymous
    Inactive

    Happy Study Saturday everyone! Who else is with me today?

    #480473
    Skrier
    Member

    @Cupcake…. I am with you today!! First up Securities Regulation, then CPA Legal liability. We will see what happens after that….its going to be a long day!! Happy Studying πŸ™‚

    AUD- 84
    FAR- 75
    REG- 78...I am DONE!!!
    BEC- 79

    #480498
    Skrier
    Member

    @Cupcake…. I am with you today!! First up Securities Regulation, then CPA Legal liability. We will see what happens after that….its going to be a long day!! Happy Studying πŸ™‚

    AUD- 84
    FAR- 75
    REG- 78...I am DONE!!!
    BEC- 79

    #480475
    Qlad
    Member

    ^ me!!…and have lots of questions to ask….

    this one is DRD q…

    For the year ended 2012 A corp had the gross income of $160,000 & dividend income of $100,000 from unaffiliated domestic corp. that are 20% owned. Business deductions amounted to $ 170,000. What is A' DRD?

    A.80,000

    B.90,000

    C.0

    D.72,000

    I got 70,000 which is not a option….what am i doing wrong?

    FAR 72,71,81 πŸ™‚
    AUD 64,71, 72, 75 πŸ™‚ I'm done !!!
    REG 73, 74, 74, 84 πŸ™‚
    BEC 76 πŸ™‚

    #480500
    Qlad
    Member

    ^ me!!…and have lots of questions to ask….

    this one is DRD q…

    For the year ended 2012 A corp had the gross income of $160,000 & dividend income of $100,000 from unaffiliated domestic corp. that are 20% owned. Business deductions amounted to $ 170,000. What is A' DRD?

    A.80,000

    B.90,000

    C.0

    D.72,000

    I got 70,000 which is not a option….what am i doing wrong?

    FAR 72,71,81 πŸ™‚
    AUD 64,71, 72, 75 πŸ™‚ I'm done !!!
    REG 73, 74, 74, 84 πŸ™‚
    BEC 76 πŸ™‚

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