AND VERIFIED ANSWERS |LATEST 2026/2027
UPDATE|GRADED A+
Question 1
1. What is the most beneficial filing status that Joy is eligible to claim on her 2025 tax
return?
CORRECT ANSWER
Head of Household
Question 2
Who qualifies to claim the Earned Income Credit (EIC) also known as Earned Income Tax
Credit (EITC) for Valerie
CORRECT ANSWER
a. Joy
Question 3
Joy is not required to report her lottery winnings as income on her federal tax return.
CORRECT ANSWER
b. False
Question 4
For which children can Matt and Megan claim the Child Tax Credit (CTC).
CORRECT ANSWER
1
@THE STUDY VAULT
, b. Janice
Question 5
The Summers qualify for the Child and Dependent Care Credit
CORRECT ANSWER
b. False
Question 6
Nancy is eligible to contribute an additional $__________ to her HSA because she is age 55
or older.
CORRECT ANSWER
For individuals age 55 or older, the IRS allows an additional catch-up contribution of
$1,000 to a Health Savings Account (HSA)
Question 7
Form 8889, Part I is used to report HSA contributions made by _______________.
CORRECT ANSWER
reports all contributions.
Question 8
What is the total unreimbursed qualified medical expenses reported on Form 8889, Part
II?
CORRECT ANSWER
2
@THE STUDY VAULT
UPDATE|GRADED A+
Question 1
1. What is the most beneficial filing status that Joy is eligible to claim on her 2025 tax
return?
CORRECT ANSWER
Head of Household
Question 2
Who qualifies to claim the Earned Income Credit (EIC) also known as Earned Income Tax
Credit (EITC) for Valerie
CORRECT ANSWER
a. Joy
Question 3
Joy is not required to report her lottery winnings as income on her federal tax return.
CORRECT ANSWER
b. False
Question 4
For which children can Matt and Megan claim the Child Tax Credit (CTC).
CORRECT ANSWER
1
@THE STUDY VAULT
, b. Janice
Question 5
The Summers qualify for the Child and Dependent Care Credit
CORRECT ANSWER
b. False
Question 6
Nancy is eligible to contribute an additional $__________ to her HSA because she is age 55
or older.
CORRECT ANSWER
For individuals age 55 or older, the IRS allows an additional catch-up contribution of
$1,000 to a Health Savings Account (HSA)
Question 7
Form 8889, Part I is used to report HSA contributions made by _______________.
CORRECT ANSWER
reports all contributions.
Question 8
What is the total unreimbursed qualified medical expenses reported on Form 8889, Part
II?
CORRECT ANSWER
2
@THE STUDY VAULT