VITA Basic Exam Study Questions and Answers

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