VITA Basic Exam
. Alan have to take a required minimal distribution in 2021. - ANS-false
Alan can not claim the Earned Income Tax Credit because his age is greater than theage
restriction. - ANS-False
Archie and Tina will now not itemize deductions but can deduct the whole quantity of
theircharitable contribution. - ANS-fake
Bobbie can declare the scholar loan hobby deduction on his tax return. - ANS-true
false
Bobbie can exclude his unemployment reimbursement on his 2021 tax go back. - ANS-False
Bobbie is eligible for the subsequent credit: - ANS-American Opportunity Credit
Lifetime learning credit
earned profits credit score
???
Chris and Marcie cannot claim the Earned Income Tax Credit (EITC) due to the fact theyare too
young and have no qualifying children. - ANS-fake
Chris and Marcie need to claim the EIP3 of $2,800 as taxable earnings on their 2021 taxreturn. -
ANS-false
Fred and Wilma Jones can declare the Credit for Other Dependents. - ANS-True
Joe can declare a higher standard deduction due to the fact he is blind. - ANS-True
Mary is problem to the extra 10% tax on early distributions. - ANS-authentic
Mary qualifies for which of the subsequent credits? - ANS-both a and b
Mary wants to break up the refund among her financial savings and checking bills. How isthis
executed, if viable? - ANS-Complete Form 8888, Allocation of Refund (Including Savings Bond
Purchases).
Mary's playing winnings do now not should be pronounced on her return. - ANS-False
. Alan have to take a required minimal distribution in 2021. - ANS-false
Alan can not claim the Earned Income Tax Credit because his age is greater than theage
restriction. - ANS-False
Archie and Tina will now not itemize deductions but can deduct the whole quantity of
theircharitable contribution. - ANS-fake
Bobbie can declare the scholar loan hobby deduction on his tax return. - ANS-true
false
Bobbie can exclude his unemployment reimbursement on his 2021 tax go back. - ANS-False
Bobbie is eligible for the subsequent credit: - ANS-American Opportunity Credit
Lifetime learning credit
earned profits credit score
???
Chris and Marcie cannot claim the Earned Income Tax Credit (EITC) due to the fact theyare too
young and have no qualifying children. - ANS-fake
Chris and Marcie need to claim the EIP3 of $2,800 as taxable earnings on their 2021 taxreturn. -
ANS-false
Fred and Wilma Jones can declare the Credit for Other Dependents. - ANS-True
Joe can declare a higher standard deduction due to the fact he is blind. - ANS-True
Mary is problem to the extra 10% tax on early distributions. - ANS-authentic
Mary qualifies for which of the subsequent credits? - ANS-both a and b
Mary wants to break up the refund among her financial savings and checking bills. How isthis
executed, if viable? - ANS-Complete Form 8888, Allocation of Refund (Including Savings Bond
Purchases).
Mary's playing winnings do now not should be pronounced on her return. - ANS-False
