HR BLOCK FINAL TEST REVIEW
(ITC 2022)
1. Which of the following is a requirement for all taxpayers who want to claim the EIC?
a) Live in the U.S. for more than half a year.
b) Have a valid social security number.
c) Have a qualifying child dependent.
d) Have AGI less than $21,430 ($27,380 MFJ).
Answer: b) Have a valid social security number.
2. A combined due diligence penalty of $2,180 would indicate a penalty for which of the
following?
a) EIC, CTC/ODC/ACTC, and head of household.
b) EIC, AOTC, and CTC/ODC/ACTC.
c) EIC, AOTC, CTC/ODC/ACTC, and head of household.
d) EIC, PTC, CTC/ODC/ACTC, and head of household.
Answer: d) EIC, AOTC, CTC/ODC/ACTC, and head of household.
3. When dependent care benefits are withheld from a taxpayer's income, where are they
reported by the employer?
a) Form 2441.
b) Form 1040.
c) Box 10 of Form W-2.
d) The employer is not required to report them.
Answer: c) Box 10 of Form W-2.
(ITC 2022)
1. Which of the following is a requirement for all taxpayers who want to claim the EIC?
a) Live in the U.S. for more than half a year.
b) Have a valid social security number.
c) Have a qualifying child dependent.
d) Have AGI less than $21,430 ($27,380 MFJ).
Answer: b) Have a valid social security number.
2. A combined due diligence penalty of $2,180 would indicate a penalty for which of the
following?
a) EIC, CTC/ODC/ACTC, and head of household.
b) EIC, AOTC, and CTC/ODC/ACTC.
c) EIC, AOTC, CTC/ODC/ACTC, and head of household.
d) EIC, PTC, CTC/ODC/ACTC, and head of household.
Answer: d) EIC, AOTC, CTC/ODC/ACTC, and head of household.
3. When dependent care benefits are withheld from a taxpayer's income, where are they
reported by the employer?
a) Form 2441.
b) Form 1040.
c) Box 10 of Form W-2.
d) The employer is not required to report them.
Answer: c) Box 10 of Form W-2.
