Quantitative Reasoning (or Use of Resources :))
Accurate Acronyms
Thresholds
Secret EFE Scavenger Hunt
100
Marginal Federal income tax rate for Petronella, a HoH filer with $90,000 in taxable income.
What is 24%?
100
HDHP
What is High Deductible Health Plan?
100
Generally, the number of days allowed to do a retirement plan rollover.
What is 60?
100
Amount owed on the 2022 Federal return by customer with auth id 13563578340930679.
What is $28,720?
200
The marginal Federal income tax rate for Rosalind and Orlando, who are taking the standard deduction and have AGI of $432,000 before considering their legit side-gig Schedule C loss of $5,000.
What is 32%?
200
LES, for military servicemembers.
What is Leave and Earnings Statement?
200
Amount of "combined income" on a Single return after which 85% of Social Security benefits are taxable at the Federal level.
What is $34,000?
https://www.ssa.gov/benefits/retirement/planner/taxes.html
200
2022 Federal refund for customer with auth ID 1039733120.
What is $2,515?
300
Capital gains tax rate for Troilus and Cressida, who are taking the standard on a joint return and have $40,000 in taxable income before considering their $500,000 in net long-term capital gains.
What is 15%?
https://www.fool.com/research/capital-gains-tax-rates/
Cressida actually later betrays Troilus...
In happier times:
https://www.opensourceshakespeare.org/views/plays/play_view.php?WorkID=troilus&Act=3&Scene=2&Scope=scene
300
IRC
What is Internal Revenue Code?
300
MFS AGI after which the ability to contribute directly to a Roth IRA is completely phased out (2022), assuming spousal cohabitation at any time during the year.
300
DCN / MeF Submission ID for customer with auth ID 13563577982882999.
What is 3034112023132085r314?
400
Amount of 2023 EV Credit a 2023 Rivian R1T purchased on or after 18 April 2023 qualifies for, per https://fueleconomy.gov/feg/tax2023.shtml.
What is $3,750?
400
SSTB
What is Specified Services Trade or Business?
400
Joint AGI at which eligibility for both the LLC and AOTC is completely phased out.
What is $180,000?
The phaseout range is $160,000 - $180,000 joint.
400
Efile reject code for customer with auth ID 13563577507040859.
What is F8962-070 ?
500
Amount of ACTC Denny Dad, a HoH filer, qualifies for, with one qualifying child and $9,000 in earned income.
What is $975?
Formula:
15% x (earned income - $2,500)
500
NIIT
What is Net Investment Income Tax?
500
401(k) contribution max for individuals under 50 for 2023.
What is $22,500?
Catch-up contribution limit for 2023 is $7,500 for those aged >=50. So 50 and up could contribute $30,000.
500
Efile rejection code for customer with auth ID 4626745256808690.
What is R0000-503-02 ?