CPA — Regulation CPA — Regulation Practice Test 2025
This is the official CPA — Regulation CPA — Regulation question paper for 2025, as set in the Model questions examination. It carries 99 full marks and a time allowance of 240 minutes, across 10 questions. On Kekkei you can attempt this CPA — Regulation past paper online with a timer, get instant AI feedback and step-by-step solutions, and track the topics where you lose marks — completely free. Whether you are revising for your CPA — Regulation CPA — Regulation exam or solving previous years' question papers, this 2025 paper is a great way to practise under real exam conditions.
| Level | CPA — Regulation |
|---|---|
| Subject | CPA — Regulation |
| Year | 2025 BS |
| Exam session | Model questions |
| Full marks | 99 |
| Time allowed | 240 minutes |
| Questions | 10, all with step-by-step solutions |
Regulation
Select the best answer.
For the 2024 tax year, a single taxpayer has adjusted gross income (AGI) of 14,600. What is the taxpayer's taxable income, assuming no itemized deductions exceed the standard deduction?
$80,400
Taxable income = AGI - Standard Deduction = 14,600 = $80,400. Under IRC §63, a taxpayer's taxable income is AGI minus the greater of the standard deduction or itemized deductions.
Under the Uniform Commercial Code (UCC) Article 2, the statute of frauds requires a written agreement for the sale of goods priced at or above:
$500
UCC §2-201 provides that a contract for the sale of goods for $500 or more is not enforceable unless evidenced by a writing signed by the party against whom enforcement is sought.
Under Treasury Department Circular 230, a CPA who prepares a tax return is required to:
Exercise due diligence in preparing the return
Circular 230 §10.22 requires practitioners to exercise due diligence in preparing tax returns. The CPA need not audit the books or guarantee client-provided information but must make reasonable inquiries.
A taxpayer receives a 30-day letter from the IRS proposing a deficiency. If the taxpayer does not respond within 30 days, the IRS will next issue:
A 90-day letter (statutory notice of deficiency)
If the taxpayer does not respond to the 30-day letter, the IRS issues a 90-day letter (statutory notice of deficiency) under IRC §6212, which gives the taxpayer 90 days to petition the Tax Court.
A taxpayer sells a rental property held for 5 years for 250,000, and accumulated depreciation is $60,000. What amount of gain is subject to IRC §1250 depreciation recapture (taxed at a maximum rate of 25%)?
$60,000
Under IRC §1250, unrecaptured depreciation on real property is taxed at a maximum rate of 25%. The accumulated depreciation of $60,000 is subject to this recapture.
Which of the following types of income is not subject to self-employment tax?
Rental income from real estate (non-dealer)
Under IRC §1402(a)(1), rental income from real estate is specifically excluded from self-employment income unless the taxpayer is a real estate dealer.
A C corporation has taxable income of $350,000 for 2024. Under the Tax Cuts and Jobs Act (TCJA), the federal corporate tax rate is a flat:
21%
The TCJA established a flat 21% corporate tax rate under IRC §11(b), replacing the prior graduated rate structure. The tax liability is 73,500.
In a general partnership, which of the following statements is correct regarding a partner's liability?
Partners have joint and several liability for partnership obligations
Under the Revised Uniform Partnership Act (RUPA) §306, all partners are jointly and severally liable for all obligations of the partnership.
The general statute of limitations for the IRS to assess additional tax is:
3 years from the later of the filing date or the due date
Under IRC §6501(a), the IRS generally has 3 years from the later of the date the return was filed or the due date of the return to assess additional tax.
Under IRC §1031, which of the following properties qualifies for a like-kind exchange?
An office building exchanged for undeveloped land held for investment
Under IRC §1031 (post-TCJA), like-kind exchanges are limited to real property held for productive use in a trade or business or for investment.
Frequently asked questions
- Where can I find the CPA — Regulation CPA — Regulation question paper 2025?
- The full CPA — Regulation CPA — Regulation 2025 (Model questions) question paper is available free on Kekkei. You can read every question online and attempt the paper under timed exam conditions.
- Does the CPA — Regulation 2025 paper come with solutions?
- Yes. Every question on this CPA — Regulation past paper includes a step-by-step solution, plus instant AI feedback when you attempt it on Kekkei.
- How many marks is the CPA — Regulation CPA — Regulation 2025 paper?
- The CPA — Regulation CPA — Regulation 2025 paper carries 99 full marks and is meant to be completed in 240 minutes, across 10 questions.
- Is practising this CPA — Regulation past paper free?
- Yes — reading and attempting this CPA — Regulation past paper on Kekkei is completely free.