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AICPA-Regulation Exam Questions - Navigate Your Path to Success

The AICPA CPA Regulation (CPA-Regulation) exam is a good choice for for Account manager for Certified Public Accountant and if the candidate manages to pass AICPA CPA Regulation exam, he/she will earn AICPA Certified Public Accountant Certification. Below are some essential facts for AICPA CPA-Regulation exam candidates:

  • In actual AICPA CPA Regulation (CPA-Regulation) exam, a candidate can expect 60 Questions and the officially allowed time is expected to be around 90 Minutes.
  • TrendyCerts offers 69 Questions that are based on actual AICPA CPA-Regulation syllabus.
  • Our AICPA CPA-Regulation Exam Practice Questions were last updated on: Mar 06, 2025

Sample Questions for AICPA-Regulation Exam Preparation

Question 1

Tom and Joan Moore, both CPAs, filed a joint 1994 federal income tax return showing $70,000 in taxable income. During 1994, Tom's daughter Laura, age 16, resided with Tom. Laura had no income of her own and was Tom's dependent.

Determine the amount of income or loss, if any that should be included on page one of the Moores' 1994 Form 1040.

In 1994, Joan received $1,300 in unemployment compensation benefits. Her employer made a $100 contribution to the unemployment insurance fund on her behalf.

Correct : F

'F' is correct. $1,300. Unemployment compensation benefits are fully taxable (when received by the employee), but contributions made by the employer to the insurance fund are not taxable.


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Question 2

Tom and Joan Moore, both CPAs, filed a joint 1994 federal income tax return showing $70,000 in taxable income. During 1994, Tom's daughter Laura, age 16, resided with Tom. Laura had no income of her own and was Tom's dependent.

Determine the amount of income or loss, if any that should be included on page one of the Moores' 1994 Form 1040.

The Moores received $8,400 in gross receipts from their rental property during 1994. The expenses for the residential rental property were:

CPA-Regulation Exam Question 2 Exhibit 1

Correct : I

'I' is correct. $2,500. Rental activity net income is reported on page one; the gross income ($8,400) is fully reportable; and all deductions listed (total = $5,900) are fully deductible for a net of $2,500.


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