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Intuit Academy Tax Level 2 TEST EXAM (LATEST 2026)
MOST RECENT EXAM 2026|2027 ACTUAL COMPLETE
REALVERIFIED EXAM QUESTIONS AND CORRECTLY
WELL-DEFINED ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+ | GUARANTEED SUCCESS!!
NEWEST EXAM!!!
Josephine is a Canadian citizen and resident. She is not a
US citizen, but was physically present in the USA for 170
days in the current year. She was in the USA for 30 days
and 60 days in each of the previous two years. Will
Josephine be considered a citizen or resident of the USA
when applying the substantial presence test in the current
year? - Answer-Yes/True. She will qualify as she meets the
substantial presence test with 190 days when applying the
formula.
Is this a test that individual must satisfy to be considered a
qualifying child of a taxpayer? - Answer-Yes/True.
Relationship test Yes/True. Support test
In the following scenario, is Form 1040 required to be filed
for 2022? - Answer-Yes/True. Taxpayer is single, has
income of $6,000 and $300 of federal income taxes
withheld. They want to claim the refund.
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Yes/True. Taxpayer is married filing jointly. Taxpayer has
$80,000 in earned income and spouse has net profits of
$40,000 from their sole proprietorship.
Is the following statement correct about Form W-2? -
Answer-Yes/True. Box 1 provides the total of how much
you were paid in wages, tips, and other compensation.
Is the following statement correct when calculating the
individual federal income tax formula? - Answer-Yes/True.
Taxpayers subtract Above Line Deductions from Gross
Income to determine Adjusted Gross Income. Yes/True.
Taxpayers subtract Qualified Business Income from
Adjusted Gross Income to determine Taxable Income.
Taxpayer A is a student athlete in high school. They are
being recruited by colleges to play soccer at a Division I
school and are popular on several social media platforms.
Taxpayer A provides social media advertisements for
several businesses in the local area. Below is additional
information for their current year. *Taken as a dependent
on their parent's tax return
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*Earned income of $7,500 for social media advertisements
for local car dealership, restaurant, auto body shop and
hair salon
*Has $1,000 of business expenses related to the social
media advertisements
Is the following true about this scenario? - Answer-
Yes/True. The taxpayer will need to file Schedule C in their
tax return. Yes/True. The taxpayer will have to pay self-
employment tax.
You are a 30 year old engineer working full-time. For the
tax year 2022, you received the following: *$35,000 Salary
on W-2 *$500 Dividend Income *$200 Tax Exempt Interest
Income *$1,000 Municipal Bond Interest Income *Paid
$7,000 in Real Estate Taxes *Paid $2,500 for Home
Mortgage Interest *Paid $1,000 in charitable contributions
*Paid $2,500 in medical expenses - Answer-Yes/True.
Your taxable income is $23,500.
Is the following statement true with regard to a taxpayer's
foreign income? - Answer-Yes/True. US citizens are
subject to tax on all income, whether its generated in the
US or foreign countries. Yes/True. The US allows
Intuit Academy Tax Level 2 TEST EXAM (LATEST 2026)
MOST RECENT EXAM 2026|2027 ACTUAL COMPLETE
REALVERIFIED EXAM QUESTIONS AND CORRECTLY
WELL-DEFINED ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+ | GUARANTEED SUCCESS!!
NEWEST EXAM!!!
Josephine is a Canadian citizen and resident. She is not a
US citizen, but was physically present in the USA for 170
days in the current year. She was in the USA for 30 days
and 60 days in each of the previous two years. Will
Josephine be considered a citizen or resident of the USA
when applying the substantial presence test in the current
year? - Answer-Yes/True. She will qualify as she meets the
substantial presence test with 190 days when applying the
formula.
Is this a test that individual must satisfy to be considered a
qualifying child of a taxpayer? - Answer-Yes/True.
Relationship test Yes/True. Support test
In the following scenario, is Form 1040 required to be filed
for 2022? - Answer-Yes/True. Taxpayer is single, has
income of $6,000 and $300 of federal income taxes
withheld. They want to claim the refund.
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Yes/True. Taxpayer is married filing jointly. Taxpayer has
$80,000 in earned income and spouse has net profits of
$40,000 from their sole proprietorship.
Is the following statement correct about Form W-2? -
Answer-Yes/True. Box 1 provides the total of how much
you were paid in wages, tips, and other compensation.
Is the following statement correct when calculating the
individual federal income tax formula? - Answer-Yes/True.
Taxpayers subtract Above Line Deductions from Gross
Income to determine Adjusted Gross Income. Yes/True.
Taxpayers subtract Qualified Business Income from
Adjusted Gross Income to determine Taxable Income.
Taxpayer A is a student athlete in high school. They are
being recruited by colleges to play soccer at a Division I
school and are popular on several social media platforms.
Taxpayer A provides social media advertisements for
several businesses in the local area. Below is additional
information for their current year. *Taken as a dependent
on their parent's tax return
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*Earned income of $7,500 for social media advertisements
for local car dealership, restaurant, auto body shop and
hair salon
*Has $1,000 of business expenses related to the social
media advertisements
Is the following true about this scenario? - Answer-
Yes/True. The taxpayer will need to file Schedule C in their
tax return. Yes/True. The taxpayer will have to pay self-
employment tax.
You are a 30 year old engineer working full-time. For the
tax year 2022, you received the following: *$35,000 Salary
on W-2 *$500 Dividend Income *$200 Tax Exempt Interest
Income *$1,000 Municipal Bond Interest Income *Paid
$7,000 in Real Estate Taxes *Paid $2,500 for Home
Mortgage Interest *Paid $1,000 in charitable contributions
*Paid $2,500 in medical expenses - Answer-Yes/True.
Your taxable income is $23,500.
Is the following statement true with regard to a taxpayer's
foreign income? - Answer-Yes/True. US citizens are
subject to tax on all income, whether its generated in the
US or foreign countries. Yes/True. The US allows
