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Name: Homework 18

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Instructions:  

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Question 1   Multiple Choice (1.0000 points)
  Question: The form an employer must file for all income and taxes withheld from an employee is called a
 
    W-2.
W-4.
1099.
941.
 

 
Question 2   Multiple Choice (1.0000 points)
  Question: Which type of depreciation is deductible for tax purposes?
 
    Physical deterioration
Functional obsolescence
Economic obsolescence
Locational deterioration
 

 
Question 3   Multiple Choice (1.0000 points)
  Question: The general formula for a capitalization rate is
 
    effective gross income divided by a rate.
net operating income divided by value.
net operating income divided by a rate.
potential gross income divided by value.
 

 
Question 4   Multiple Choice (1.0000 points)
  Question: If the manager is required to live on the premises, the manager
 
    must pay taxes on the fair market value of the rent.
must pay into social security based on fair market value.
does not have to pay taxes on the fair market value of the rent.
must file a 1099 on the fair market value.
 

 
Question 5   Multiple Choice (1.0000 points)
  Question: The insurance coverage that would insure against loss from explosion, tornado, hurricane,
windstorm, hail, riot, civil strife, falling airplanes and smoke is which type of policy?
 
    Standard fire insurance
80 percent coinsurance
Special considerations policy
All-risks coverage policy