VITA Basic Exam latest update 2024

VITA Basic Exam latest update 2024 What is the most advantageous filing status allowable that Joe can claim on his taxreturn for 2021? -Correct Answer-Head of Household Joe can claim a higher standard deduction because he is blind. -Correct Answer-True Chris and Marcie cannot claim the Earned Income Tax Credit (EITC) because theyare too young and have no qualifying children. -Correct Answer-false Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021 taxreturn. -Correct Answer-false Which of the Reynolds children qualifies for the child tax credit (CTC)? -Correct Answer-Laura and Timothy Archie and Tina will not itemize deductions but can deduct the full amount of theircharitable contribution. -Correct Answer-false The Brooks qualify for the Credit for Other Dependents. -Correct Answer-True The Brooks qualify for the Earned Income Tax Credit. -Correct Answer-false Alan cannot claim the Earned Income Tax Credit because his age is more than theage limit. -Correct Answer-False . Alan must take a required minimum distribution in 2021. -Correct Answer-false Bobbie can exclude his unemployment compensation on his 2021 tax return. -Correct Answer-False Bobbie is eligible for the following credit: -Correct Answer-American Opportunity Credit Lifetime learning credit earned income credit ??? Bobbie can claim the student loan interest deduction on his tax return. -Correct Answer-true fal