Free REG CPA exam sample questions

PocketCPA publishes four REG multiple-choice questions, four flashcards and one task-based simulation, free and with no account. REG is Regulation, and the full section holds 2,045 questions, 167 simulations and 171 flashcards across 23 blueprint groups.

How many REG practice questions does PocketCPA have?

2,045 multiple-choice questions and 167 task-based simulations in REG, covering 23 blueprint groups. Each one cites the standard or statute it tests.

A REG question from the sample

An individual files her return and pays the $10,000 balance due exactly 3 months late. There is no reasonable cause and no fraud. What is the total addition to tax under IRC §6651 for the combined failure to file and failure to pay?

  1. $150
  2. $1,350
  3. $1,500
  4. $1,650

The answer is C. IRC §6651(a)(1) imposes a failure-to-file penalty of 5% of the unpaid tax per month (max 25%), and §6651(a)(2) imposes a failure-to-pay penalty of 0.5% per month (max 25%). For any month both apply, §6651(c)(1) reduces the failure-to-file penalty by the failure-to-pay penalty, so the net failure-to-file rate is 4.5% per month. Here: failure-to-file = 4.5% x 3 = 13.5% = $1,350; failure-to-pay = 0.5% x 3 = 1.5% = $150; total = $1,500 (15% of $10,000). The question is cited to IRC §6651.

What does the REG sample cover?

The four questions are drawn from the harder end of the REG bank and spread across the section's blueprint areas: Ethics, Professional Responsibilities and Federal Tax Procedures, Business Law, Federal Taxation of Property Transactions, Federal Taxation of Individuals, Federal Taxation of Entities (including tax preparation). The sample is enough to judge the writing and not enough to study from, against 2,383 items in the section.

PocketCPA covers all six CPA exam sections with 11,896 cited questions and 1,071 lesson pages. See also CPA requirements by state, the cheapest route to a CPA, and how to check whether study material is current.

What the Uniform CPA Examination tests is defined by the AICPA, and coverage claims here are stated against the AICPA blueprints: AICPA: what is tested on the exam.