VITA BASIC TEST 2024 QUESTIONS WITH VERIFID SOLUTIONS GRADED A+
VITA BASIC TEST 2024 QUESTIONS WITH VERIFID SOLUTIONS GRADED A+ Calvin has qualifying health insurance coverage (also known as minimum essential coverage) as defined under the Affordable Care Act. - CORRECT ANS True Calvin and Betty may need to make a shared responsibility payment on their joint return if they don't qualify for an exemption. - CORRECT ANS True Who can claim the American opportunity credit? - CORRECT ANS Dana can claim the credit because Tom is her dependent. Dana's most advantageous allowable filing status is: - CORRECT ANS Head of Household Who can Bob claim as a qualifying child(ren) for the earned income credit? - CORRECT ANS Bob can claim Sara, but not Joan. Who can claim Sara as a dependent? - CORRECT ANS Joan can claim Sara because she is Sara's mother. (Wrong) Will may claim R.J. as a dependent on his tax return. - CORRECT ANS True Is Will able to claim R.J. as a qualifying child for the earned income credit (EIC)? - CORRECT ANS No, because Will has an ITIN. Which benefit(s) can Will claim on his tax return? (Choose the best answer) - CORRECT ANS All of the above
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