Deck 14: Schedule J: Expenses

Question 1

As a county employee, the client pays a minimal amount of health insurance each pay period which is deducted directly from his paystub. The deduction is listed on _________.

A) Schedule I.
B) Schedule J.
C) Statement of Financial Affairs.
D) None of the above.

Answer 1

Schedule I.

Question 2

The client who is self-employed, pays $500 per month in child support. The deduction is listed in __________.

A) Schedule I.
B) Schedule J.
C) Statement of Financial Affairs.
D) None of the above.

Answer 2

Schedule J.

Question 3

Charitable donations can and should be listed in Schedule J.

Answer 3

True

Question 4

If a dependent is not claimed on tax returns, the expense cannot be listed in Schedule J.

Question 5

IRS Standards can never be exceeded without it resulting in a 2004 Examination.

Question 6

Can a debtor list in Schedule J $200 per month as a charitable contribution to their church?