Intuit Academy Tax Level 1 & Part 2
Practice Test for Intuit Bookkeeping
Professional Certificate Combined
Documents (Latest
2026/2027 Update) Questions &
Answers | Grade A | 100% Correct
This Intuit Academy Tax Level 1 and Level 2 courses, along with the
Intuit Bookkeeping Professional Certificate, provide a structured path
for individuals to master federal tax preparation and fundamental
accounting.
Intuit Academy Tax Level 1: Fundamentals Pg… 2
This beginner-level course focuses on U.S. federal individual income
tax.
Study Guide Topics: Covers filing requirements, filing statuses (Single,
MFJ, HOH), dependency tests, and the basic federal tax formula.
Practice Test Content: Focuses on interpreting Form W-2 and 1099,
calculating Adjusted Gross Income (AGI), and distinguishing between
standard and itemized deductions.
Key Forms: Emphasis on Form 1040 and associated schedules (A, B,
and D).
Intuit Academy Tax Level 2: Pg…115
Advanced Survey
This advanced course delves into complex scenarios for self-employed
individuals and property owners.
Study Guide Topics: Advanced income reporting including Schedule C
(Business Income), Schedule E (Rentals), and Schedule K-1
(Partnerships).
1
, Practice Test Content: Includes reporting for RSUs and ESPPs, capital
gains tax rates, and MACRS depreciation.
Critical Insights: Learners report that the Level 2 exam often includes
topics not covered in detail within the lesson modules, such as specific
loss limitations and complex investment tracking.
Intuit Bookkeeping Professional Certificate
This certification validates core accounting skills necessary for a
bookkeeping career.
Core Concepts: Mastery of the Accounting Equation (Assets = Liabilities
+ Equity) and the full Accounting Cycle (recording transactions to
closing the books).
Financial Statements: Deep dive into the Income Statement, Balance
Sheet, Statement of Cash Flows, and Statement of Equity.
Exam Prep: Includes "DEA/LER" (Debit Expenses/Assets; Credit
Liabilities/Equity/Revenue) and "DEALER" mnemonic devices to master
double-entry bookkeeping.
Software Skills: Practical application in QuickBooks Online, covering
bank reconciliations, accounts payable/receivable, and report
customization. Outcome: Passing grants an Intuit Academy badge,
enhancing job competitiveness for roles at Intuit.
Quiz_________________?
Below the line deductions include -
Answer☑️
Standard deduction
Quiz_________________?
Eligible educators can deduct up to _______ of qualified
expenses paid during the tax year. - Answer☑️
$250
2
, Quiz_________________?
Which of the following is an ineligible medical expense for HSA,
Archer MSA, and MA MSA? -
Answer☑️
Breast enhancement
Quiz_________________?
The net capital gain is taxed at _______ if the married filing jointly
taxpayer income is less than $80,800. - Answer☑️
0%
Quiz_________________?
To claim a child as a dependent, they must meet the qualifying
child test or ________________. - Answer☑️
qualifying relative test
Quiz_________________?
Ordinary dividends are taxed at the same rate as __________
income tax rate. - Answer☑️
ordinary
Quiz_________________?
Distributions from HSA, Archer MSA, or MS MSA are non-taxable
when _________________________________________. -
Answer☑️
3
, spent for qualified medical expenses of your dependent
Quiz_________________?
Which residency status is used when an individual is neither a
U.S. citizen nor a resident alien for tax purposes? -
Answer☑️
Non-resident alien
Quiz_________________?
_____________ and ____________ are what taxpayers must
know to calculate their tax amount. -
Answer☑️
Taxable income and filing status
Quiz_________________?
For mortgages entered into after December 15, 2017, the amount
of interest the taxpayer can deduct is no more than
______________ of the debt used to buy, build, or substantially
improve their principal home and a second home. -
Answer☑️
750,000
Quiz_________________?
__________ reduce the amount of tax due. -
Answer☑️
Tax credits
4
Practice Test for Intuit Bookkeeping
Professional Certificate Combined
Documents (Latest
2026/2027 Update) Questions &
Answers | Grade A | 100% Correct
This Intuit Academy Tax Level 1 and Level 2 courses, along with the
Intuit Bookkeeping Professional Certificate, provide a structured path
for individuals to master federal tax preparation and fundamental
accounting.
Intuit Academy Tax Level 1: Fundamentals Pg… 2
This beginner-level course focuses on U.S. federal individual income
tax.
Study Guide Topics: Covers filing requirements, filing statuses (Single,
MFJ, HOH), dependency tests, and the basic federal tax formula.
Practice Test Content: Focuses on interpreting Form W-2 and 1099,
calculating Adjusted Gross Income (AGI), and distinguishing between
standard and itemized deductions.
Key Forms: Emphasis on Form 1040 and associated schedules (A, B,
and D).
Intuit Academy Tax Level 2: Pg…115
Advanced Survey
This advanced course delves into complex scenarios for self-employed
individuals and property owners.
Study Guide Topics: Advanced income reporting including Schedule C
(Business Income), Schedule E (Rentals), and Schedule K-1
(Partnerships).
1
, Practice Test Content: Includes reporting for RSUs and ESPPs, capital
gains tax rates, and MACRS depreciation.
Critical Insights: Learners report that the Level 2 exam often includes
topics not covered in detail within the lesson modules, such as specific
loss limitations and complex investment tracking.
Intuit Bookkeeping Professional Certificate
This certification validates core accounting skills necessary for a
bookkeeping career.
Core Concepts: Mastery of the Accounting Equation (Assets = Liabilities
+ Equity) and the full Accounting Cycle (recording transactions to
closing the books).
Financial Statements: Deep dive into the Income Statement, Balance
Sheet, Statement of Cash Flows, and Statement of Equity.
Exam Prep: Includes "DEA/LER" (Debit Expenses/Assets; Credit
Liabilities/Equity/Revenue) and "DEALER" mnemonic devices to master
double-entry bookkeeping.
Software Skills: Practical application in QuickBooks Online, covering
bank reconciliations, accounts payable/receivable, and report
customization. Outcome: Passing grants an Intuit Academy badge,
enhancing job competitiveness for roles at Intuit.
Quiz_________________?
Below the line deductions include -
Answer☑️
Standard deduction
Quiz_________________?
Eligible educators can deduct up to _______ of qualified
expenses paid during the tax year. - Answer☑️
$250
2
, Quiz_________________?
Which of the following is an ineligible medical expense for HSA,
Archer MSA, and MA MSA? -
Answer☑️
Breast enhancement
Quiz_________________?
The net capital gain is taxed at _______ if the married filing jointly
taxpayer income is less than $80,800. - Answer☑️
0%
Quiz_________________?
To claim a child as a dependent, they must meet the qualifying
child test or ________________. - Answer☑️
qualifying relative test
Quiz_________________?
Ordinary dividends are taxed at the same rate as __________
income tax rate. - Answer☑️
ordinary
Quiz_________________?
Distributions from HSA, Archer MSA, or MS MSA are non-taxable
when _________________________________________. -
Answer☑️
3
, spent for qualified medical expenses of your dependent
Quiz_________________?
Which residency status is used when an individual is neither a
U.S. citizen nor a resident alien for tax purposes? -
Answer☑️
Non-resident alien
Quiz_________________?
_____________ and ____________ are what taxpayers must
know to calculate their tax amount. -
Answer☑️
Taxable income and filing status
Quiz_________________?
For mortgages entered into after December 15, 2017, the amount
of interest the taxpayer can deduct is no more than
______________ of the debt used to buy, build, or substantially
improve their principal home and a second home. -
Answer☑️
750,000
Quiz_________________?
__________ reduce the amount of tax due. -
Answer☑️
Tax credits
4
