[jeff]

Free Study Planner, Notes, Audio, Flashcards: https://www.another71.com/cpa-exam-study-plan/

Free CPA Exam Survival Guide: https://www.another71.com/cpa-exam-survival-guide/

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

[MommyBear]

@CPA–No

[Anonymous]

Thanks, I really don't get how the contributions to the retirement plan work either. Hopefully the Ninja notes have good info on them.

[MommyBear]

I put those as other income, but they are actually ordinary income calculated by (x-$50,000)/1000. Add that number to ordinary income. Gets me every. single. time. Grrrr. AND don't forget it is on a person by person basis so if you have 1 spouse that received $56,000 and one spouse that received $45,000 in contributions you would only do $6,000/$1,000 (adding $6 to income). Don't add the two spouses together and subtract $100,000. I've made that mistake before.

[CPAfit]

@mommy I just want to ask you about the analysis that you posted. Did you write this whole thing down or the Ninja TB gives you this analysis at the end of your practice exam. Either way, it looks pretty impressive and you pretty amazing. You've still got one whole week ahead of you with no work, so you've got plenty of time to work on those weak areas.

[Anonymous]

Also, if a cousin lives with you for the entire year and you provide over 50% of support, it qualifies as an exemption?

[MommyBear]

Yes. Only if they live with you because they are a cousin and not a closer relative AND they must pass the income test by not earning more than $3,950 for the year.

[MommyBear]

At Zubairs–I looked at each one I got wrong, typed out the title from Ninja and then either copied their “explanation” of the correct answer or wrote in my own words what I screwed up on. It's how I breakdown how bad I really did and what I need to focus on first because the 78% means nothing to me. That's what I got on my practice test last time and I failed the exam. I should have focused more on why each answer was wrong as I was going through my practice exam results. That's what I tried to do this time. I didn't feel that the exam was very all-encompassing though. I don't remember seeing any questions on property transactions or very much on the difference between the entities or anything on estates and only 1 question on trusts. It would be better to do several of these to get a better picture, but one thing is for sure..I need to work on my blaw, specifically contracts and negotiable instruments.

[Anonymous]

Is the 78% including the sims as well? I think that's a mistake people make.

Child and Dependent care credit still 3,000 and 6,000?

[WANNABE_CPA]

i am back guys, got a miserable average 61% LOL, i am feeling so unprepared after this final test. It was way too difficult i suppose. For both BEC and FAR that i attempted i got more than 75%, and passed. I dont know what to think of this one.

Need some encouragement and suggestions guys…just have 4 more days including today.

And howcome Nasba scores are not out yet, but Caifornia already coming. Nasba is really doing strange things this for last two windows.

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[MommyBear]

I assume it does include the SIMS because I got % scores for each of them. Yes–I have $3K and $6K for two or more children There is a phaseout amount though so there are calculations involved.

[MommyBear]

Hey wannabe! Don't let it get you down and don't put too much faith in that %. It is not an equivalent of the real exam because each question is weighted the same, but if you got a lot of hard questions right then they would be worth more on the real exam.

[MommyBear]

My suggestion is to take 30 minutes or so and go to your practice test results. Go through each wrong question and write down the topic, then put a little explanation of why you missed it. What made you choose the answer you did versus the correct answer. Was there one little detail you were missing that you need to jot down or was it the whole concept? After you do that, organize your results by topic so you can see if one or more topics were your real downfall or if it is just little things over a bunch of topics. Once you have those questions answered we can focus on gearing our quizzing towards the weak spots.

[MommyBear]

I wonder how Kemy is going on her test.

[CPAfit]

@wannabe I'm assuming you did the Becker practice exam. So you should know that Becker exams are way harder than the real thing, so don't be discouraged. Just keep working your weak areas and I know you got this.

[SullivanNJD]

Yeah definitely dont get discouraged by becker finals. I averaged like 60-65 for MCQ on my FAR Becker Final, studied what I got wrong and got an 87 on the real thing

FAR- 87
REG- 81
AUD- 88
BEC-

Who's Better Than Us? nobody

[Author]

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