Vita Advanced Course Scenario 6744 EXAM 2026 ACTUAL
COMPLETE FREQUENTLY TESTED REAL EXAM QUESTIONS
||VERIFIED SOLUTIONS (100% CORRECT) | ALREADY
GRADED A+ | NEWEST EXAM | JUST RELEASED!!
How does the Form 1095-A, Health Insurance Marketplace
Statement, affect Jennifer's tax return? - ANSWER-d. Jennifer
must file Form 8962, Premium Tax Credit (PTC), to reconcile
the advanced premium tax credit .
Jennifer's income is too high to qualify for the credit on Form
8880, Credit
for Qualified Retirement Savings Contributions. -
ANSWER-b . False
Jennifer's canceled debt on Form 1099-C, Cancellation of
Debt, does not
need to be reported on her tax return . -
ANSWER-b . False
In order to claim EIC for 2019, Jennifer must file Form 8862,
Information
To Claim Certain Credits After Disallowance, with her tax
return . - ANSWER-a . True
Since the Matthews did not itemize for 2018, their state
refund is not
, reported on Form 1040 . - ANSWER-
a . True
What is the amount of taxable interest reported on the
Matthews' Form
1040? - ANSWER-b .
$250
What is the total net amount of capital gain reported on
Form 1040? -
ANSWER-c .
$2,719
What is the taxable portion of Mark's pension from Pine
Corporation using
the simplified method? $________. -
ANSWER-?
Is Mark's Social Security income taxable? - ANSWER-a . Yes, a
portion of
the Social Security income is
taxable .
The Matthews want to split their refund between savings and
checking
accounts . How is this accomplished, if possible? -
ANSWER-a . Complete
COMPLETE FREQUENTLY TESTED REAL EXAM QUESTIONS
||VERIFIED SOLUTIONS (100% CORRECT) | ALREADY
GRADED A+ | NEWEST EXAM | JUST RELEASED!!
How does the Form 1095-A, Health Insurance Marketplace
Statement, affect Jennifer's tax return? - ANSWER-d. Jennifer
must file Form 8962, Premium Tax Credit (PTC), to reconcile
the advanced premium tax credit .
Jennifer's income is too high to qualify for the credit on Form
8880, Credit
for Qualified Retirement Savings Contributions. -
ANSWER-b . False
Jennifer's canceled debt on Form 1099-C, Cancellation of
Debt, does not
need to be reported on her tax return . -
ANSWER-b . False
In order to claim EIC for 2019, Jennifer must file Form 8862,
Information
To Claim Certain Credits After Disallowance, with her tax
return . - ANSWER-a . True
Since the Matthews did not itemize for 2018, their state
refund is not
, reported on Form 1040 . - ANSWER-
a . True
What is the amount of taxable interest reported on the
Matthews' Form
1040? - ANSWER-b .
$250
What is the total net amount of capital gain reported on
Form 1040? -
ANSWER-c .
$2,719
What is the taxable portion of Mark's pension from Pine
Corporation using
the simplified method? $________. -
ANSWER-?
Is Mark's Social Security income taxable? - ANSWER-a . Yes, a
portion of
the Social Security income is
taxable .
The Matthews want to split their refund between savings and
checking
accounts . How is this accomplished, if possible? -
ANSWER-a . Complete
