Intuit Academy Tax Level 1 Exam 2026 – Complete Questions &
Verified Answers with Detailed Rationales | 80 MCQ Practice Bank
| Filing Status, Deductions, Credits, HSA, IRA & IRS Forms |
Guaranteed Pass Study Guide
,1. Which of the following is a below-the-line deduction?
A. Student loan interest
B. IRA contribution
C. Standard deduction
D. Moving expenses
Answer: C. Standard deduction
Rationale: The standard deduction is subtracted after adjusted gross
income to determine taxable income, making it a below-the-line deduction.
Student loan interest and IRA contributions are above-the-line adjustments.
2. Which of the following is a qualifying child test?
A. Relationship test
B. Age test
C. Residency test
D. All of the above
Answer: D. All of the above
Rationale: To be a qualifying child, the person must meet relationship, age,
residency, support, and joint return tests. Relationship, age, and residency
are core tests.
,3. Elena is a self-employed bookkeeper. When is her first estimated payment
due?
A. January 15
B. April 15
C. June 15
D. October 15
Answer: B. April 15
Rationale: For a calendar-year taxpayer, the first estimated tax payment is
generally due April 15.
4. Which filing status generally has the lowest tax rates and largest standard
deduction for a taxpayer who is unmarried and supports a qualifying
person?
A. Single
B. Head of Household
C. Married Filing Separately
D. Qualifying Surviving Spouse
Answer: B. Head of Household
Rationale: Head of Household provides more favorable rates and a larger
, standard deduction than Single for an unmarried taxpayer supporting a
qualifying person.
5. A taxpayer is married on December 31. What filing status may they choose
for that tax year?
A. Single
B. Head of Household
C. Married Filing Jointly
D. Qualifying Surviving Spouse
Answer: C. Married Filing Jointly
Rationale: Marital status is determined on the last day of the tax year. If
married on December 31, the taxpayer is considered married for the whole
year and may file jointly.
6. Which of the following is generally included in gross income?
A. Child support received
B. Wages from a job
C. Qualified disaster relief payment
D. Life insurance proceeds paid due to death
Answer: B. Wages from a job
Verified Answers with Detailed Rationales | 80 MCQ Practice Bank
| Filing Status, Deductions, Credits, HSA, IRA & IRS Forms |
Guaranteed Pass Study Guide
,1. Which of the following is a below-the-line deduction?
A. Student loan interest
B. IRA contribution
C. Standard deduction
D. Moving expenses
Answer: C. Standard deduction
Rationale: The standard deduction is subtracted after adjusted gross
income to determine taxable income, making it a below-the-line deduction.
Student loan interest and IRA contributions are above-the-line adjustments.
2. Which of the following is a qualifying child test?
A. Relationship test
B. Age test
C. Residency test
D. All of the above
Answer: D. All of the above
Rationale: To be a qualifying child, the person must meet relationship, age,
residency, support, and joint return tests. Relationship, age, and residency
are core tests.
,3. Elena is a self-employed bookkeeper. When is her first estimated payment
due?
A. January 15
B. April 15
C. June 15
D. October 15
Answer: B. April 15
Rationale: For a calendar-year taxpayer, the first estimated tax payment is
generally due April 15.
4. Which filing status generally has the lowest tax rates and largest standard
deduction for a taxpayer who is unmarried and supports a qualifying
person?
A. Single
B. Head of Household
C. Married Filing Separately
D. Qualifying Surviving Spouse
Answer: B. Head of Household
Rationale: Head of Household provides more favorable rates and a larger
, standard deduction than Single for an unmarried taxpayer supporting a
qualifying person.
5. A taxpayer is married on December 31. What filing status may they choose
for that tax year?
A. Single
B. Head of Household
C. Married Filing Jointly
D. Qualifying Surviving Spouse
Answer: C. Married Filing Jointly
Rationale: Marital status is determined on the last day of the tax year. If
married on December 31, the taxpayer is considered married for the whole
year and may file jointly.
6. Which of the following is generally included in gross income?
A. Child support received
B. Wages from a job
C. Qualified disaster relief payment
D. Life insurance proceeds paid due to death
Answer: B. Wages from a job
