[jeff]

Welcome to the Q2 2015 CPA Exam Study Group for REG.

“Death and Taxes” – Individual Tax for the CPA Exam

Posted by Another71 on Monday, November 24, 2014

Free NINJA: https://www.another71.com/cpa-exam-study-plan/

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[jstay]

@anjanja, it depends it could be anywhere from 15%+ If anything I would read the book and do a lot of MCQ for the business law if your pressed for time.

[Sandia]

This is a good one:

Kari Corp., a manufacturing company, was organized on January 2, Year 0. Its Year 0 federal taxable income was $400,000 and its federal income tax was $100,000. What is the maximum amount of accu­mulated taxable income that may be subject to the accumulated earnings tax for Year 0 if Kari takes only the minimum accumulated earnings credit?

A. $300,000

B. $150,000

C. $50,000

D. $0

FAR - 77 x2 Wiley book & no test bank
AUD - 83 x3 NINJA Test bank 3 time
REG - 80 x1 NINJA Test bank
BEC - 78 X2 NINJA Test bank ..done!!promesa cumplida mama -que llege al cielo 🙂
Ethic 100% Licensed VA CPA

[Anonymous]

is it C?

[Sandia]

yes!!!

C – Taxable income is reduced by the federal income tax and the accumulated earnings credit prior to determine the accumulated taxable income (ATI). The ATI is $50,000 for Kari Corp., as computed below:

Taxable income $400,000

Less: Federal income tax (100,000)

Less: Minimum accumulated earnings credit (250,000)

---

Equals: Accumulated taxable income $ 50,000

FAR - 77 x2 Wiley book & no test bank
AUD - 83 x3 NINJA Test bank 3 time
REG - 80 x1 NINJA Test bank
BEC - 78 X2 NINJA Test bank ..done!!promesa cumplida mama -que llege al cielo 🙂
Ethic 100% Licensed VA CPA

[Double-entry Deviant]

HiYa – I'm starting all over again – lost credit for REG and AUD after I was working on BEC and FAR 2 years ago. Taking REG on May 30th – here I go!

REG: 5/30/15 - 77
FAR: TBD
BEC: 8/31/15 - 70, 73, 1/8/16 - 77
AUD: 6/1/16- 73, 8/2/16

[jstay]

beginning to think that the nightmare of REG will never end

[Gabe]

@jstay what happened? keep it up! did you hit the biz law chapters :/

CPA, CFE
CISA- Experience will be completed by August 2016

[Anonymous]

hey jstay hows it going?

[Anonymous]

I'm 16 days out… still reading the becker book and doing ninja mcq will start the dreadful SIMS today. I want to do like 4-5 a day until exam day. I really want to learn my way around the IRC!

[hunter32]

I would @cpa8488. Stuff can be in weird places. I spent way too much time on my exam on my research problem.

BEC - 80 (Becker)
AUD - 92 (Becker+NINJA MCQ)
FAR - 87 (Becker+NINJA MCQ)
REG - 90 (Becker+NINJA MCQ and Audio)

[hunter32]

@Anna, obviously everyones exams are different, but I wish I would have spent about 90% of my time on R1-R5

BEC - 80 (Becker)
AUD - 92 (Becker+NINJA MCQ)
FAR - 87 (Becker+NINJA MCQ)
REG - 90 (Becker+NINJA MCQ and Audio)

[Jostrowski]

Attempting REG for the first try tomorrow. Any advice on what to go over one last time this last night before the exam?

AUD: 62 [2/27/15], 87 [5/29/15]
REG: 76 [5/1/15]
BEC: 86 [7/20/15]
FAR: 76 [8/28/15]

DONE!

Becker self-study, Illinois candidate

[Anonymous]

what's R1-R5?

[jstay]

@jostrowski, do aome light reading and try to not stress, but i know its hard not to

@cpa8488, its going alright just waiting for tomorrow to be over so i can have off until exam day. Other then that im doing alright on my 72 question progress tests (getting above 80%). Going to do some ninja later, still trending around 75% and average is around 75 as well

[hunter32]

Sorry those were the Becker chapters. Basically all tax and ethics.

BEC - 80 (Becker)
AUD - 92 (Becker+NINJA MCQ)
FAR - 87 (Becker+NINJA MCQ)
REG - 90 (Becker+NINJA MCQ and Audio)

[Author]

Replies