Simulate the real exam

We provide different versions of REG practice exam materials for our customers, among which the software version can stimulate the real exam for you but it only can be used in the windows operation system. It tries to simulate the REG best questions for our customers to learn and test at the same time and it has been proved to be good environment for IT workers to find deficiencies of their knowledge in the course of stimulation.

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Only need to practice for 20 to 30 hours

You will get to know the valuable exam tips and the latest question types in our REG certification training files, and there are special explanations for some difficult questions, which can help you to have a better understanding of the difficult questions. All of the questions we listed in our REG practice exam materials are the key points for the IT exam, and there is no doubt that you can practice all of REG best questions within 20 to 30 hours, even though the time you spend on it is very short, however the contents you have practiced are the quintessence for the IT exam. And of course, if you still have any misgivings, you can practice our REG certification training files again and again, which may help you to get the highest score in the IT exam.

Fast delivery in 5 to 10 minutes after payment

Our company knows that time is precious especially for those who are preparing for AICPA REG exam, just like the old saying goes "Time flies like an arrow, and time lost never returns." We have tried our best to provide our customers the fastest delivery. We can ensure you that you will receive our REG practice exam materials within 5 to 10 minutes after payment, this marks the fastest delivery speed in this field. Therefore, you will have more time to prepare for the REG actual exam. Our operation system will send the REG best questions to the e-mail address you used for payment, and all you need to do is just waiting for a while then check your mailbox.

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AICPA CPA Regulation Sample Questions:

1. Smith made a gift of property to Thompson. Smith's basis in the property was $1,200. The fair market
value at the time of the gift was $1,400. Thompson sold the property for $2,500. What was the amount of
Thompson's gain on the disposition?

A) $1,100
B) $0
C) $1,300
D) $2,500

2. Which of the following sales should be reported as a capital gain?

A) Real property subdivided and sold by a dealer.
B) Government bonds sold by an individual investor.
C) Sale of inventory.
D) Sale of equipment.

3. Conner purchased 300 shares of Zinco stock for $30,000 in 1980. On May 23, 1994, Conner sold all the
stock to his daughter Alice for $20,000, its then fair market value. Conner realized no other gain or loss
during 1994. On July 26, 1994, Alice sold the 300 shares of Zinco for $25,000.
What was Alice's recognized gain or loss on her sale?

A) $5,000 long-term gain.
B) $5,000 short-term loss.
C) $0
D) $5,000 long-term loss.

4. John and Mary were divorced in 1991. The divorce decree provides that John pay alimony of $10,000 per
year, to be reduced by 20% on their child's 18th birthday. During 1992, John paid $7,000 directly to Mary
and $3,000 to Spring College for Mary's tuition. What amount of these payments should be reported as
income in Mary's 1992 income tax return?

A) $10,000
B) $8,000
C) $5,600
D) $8,600

5. 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 $3,500 as beneficiary of the death benefit, which was provided by her brother's
employer. Joan's brother did not have a nonforfeitable right to receive the money while living.

A) $2,000
B) $10,000
C) $900
D) $1,500
E) $1,000
F) $500
G) $75,000
H) $25,000
I) $50,000
J) $0
K) $55,000
L) $1,300
M) $1,250
N) $3,000
O) $2,500

Solutions: