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NEW QUESTION: 1
During 1993 Kay received interest income as follows:
On U.S. Treasury certificates $4,000
On refund of 1991 federal income tax 500
The total amount of interest subject to tax in Kay's 1993 tax return is:
A. $4,500
B. $4,000
C. $0
D. $500
Answer: A
Explanation:
Explanation
Choice "a" is correct. Interest income from U.S. obligations is generally taxable. Interest income on a
federal tax refund is taxable, even though the refund itself is not taxed.
Choice "b" is incorrect. Interest income on a federal tax refund is taxable, even though the refund itself is
not taxed.
Choice "c" is incorrect. Interest income from U.S. obligations is generally taxable.
Choice "d" is incorrect. Interest income from U.S. obligations is generally taxable. Interest income on a
federal tax refund is taxable, even though the refund itself is not taxed.

NEW QUESTION: 2
Two individuals are being considered for an audit team that is to perform a highly technical review.
Which of the following situations would preclude selection of the individual for the audit due to an objectivity concern?
I. Person A is a member of the internal audit staff and has the required technical skills. Person A participated in a controls review of the system to be audited when it was being developed.
II. Person B is a technical specialist who understands the audit area but is not a member of the internal audit staff. Although person B has personal credibility in the information systems department to be audited, person B works for another department in the organization.
A. I only
B. Neither I nor II.
C. II only
D. Both I and II.
Answer: B

NEW QUESTION: 3
When assessing your client's hip flexion using a passive supine straight leg raise, you discover there is less
than 80' of motion on both right and left sides. This MOST likely indicates tightness in which muscles?
A. Iliopsoas
B. Gluteus medius and minimus
C. Hamstrings
D. Adductor magnus and brevis
Answer: A,D