CPA Exam (REG) - Individual Tax Simulation Walkthrough: This is a detailed walkthrough solving a tax simulation (#5) from the REG section of my study software (http://www.pedersoncpareview.com) Mrs. Wai Yan is a full-time employee for a local manufacturing company. She maintains a principal residence in STate X for her daughter (Janice), age 15, and herself. Topics covered are filing status (head of household), wages, interest, dividends, stock dividends, group term life insurance, state tax refunds, gift tax, and gambling winnings.
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