VITA | 70 QUESTIONS WITH 100 % CORRECT ANSWERS | VERIFIED

1. Rebecca's most beneficial allowable filing status is Head of Household. - Answer false 2. Rebecca has $_______ in qualifying child care expenses for the child and dependent care credit.. - Answer 2500 3. Pat and Terri are only eligible to claim the child tax credit on their 2020 tax return. - Answer false 4. The taxable amount of Pat's unemployment compensation is $_________? - Answer 3300 5. Medicaid waiver payments can be considered earned income for the computation of the earned income credit. - Answer true 6. Andrew's HSA deduction amount on Form 8889, Part I, line 13 is $3,000. - Answer False 7. The HSA contribution made by Andrew's employer will be shown in Box 12 on his Form W-2 with the following: - Answer W 8. The over-the-counter allergy medication is a qualified medical expense for HSA purposes. - Answer true 9. Barbara and Claire can make an agreement on who can claim Molly as a dependent. - Answer false 10. Jenny is eligible for earned income credit, but can allow Claire to claim the credit. - Answer false 11. Robert is eligible to claim the donation to his friend's GoFundMe account as a charitable contribution. - Answer false 12. Robert qualifies for an above-the-line charitable contribution adjustment of $300 on his 2020 tax return if he chooses not to itemize. - Answer false13. Carly can claim $3,960 as a student loan interest deduction on Form 1040, Schedule 1. - Answer false 14. Carly is eligible to deduct $250 as an adjustment to income on Form 1040, Schedule 1 for qualified educator expenses. - Answer false