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VITA Basic Test Question Top Taken Solution

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VITA Basic Test Question Top Taken Solution Calvin has qualifying health insurance coverage (also known as minimum essential coverage) as defined under the Affordable Care Act. - 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. - ANS - True Who can claim the American opportunity credit? - ANS - Dana can claim the credit because Tom is her dependent. Dana's most advantageous allowable filing status is: - ANS - Head of Household Who can Bob claim as a qualifying child(ren) for the earned income credit? - ANS - Bob can claim Sara, but not Joan. Who can claim Sara as a dependent? - ANS - Joan can claim Sara because she is Sara's mother. (Wrong)

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